Investor addresses holding Bitcoin (BTC) saw a surge in demand during December, with net purchases by these investors reaching 225,280 BTC as of Dec. 23, according to a report by CryptoQuant. This represents an 82.6% monthly increase.
Although Bitcoin has seen a 14.2% correction since hitting a high above $108,000 on December 17, it is on track to regain stability and resume its upward movement, according to analysts.
However, CryptoQuant analyst known as Onatt has advised caution, noting that the supply of Tether (USDT) on exchanges has decreased while the supply of Bitcoin has increased slightly.
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