Since September, monthly Bitcoin demand growth has surged by 228,000 BTC. Meanwhile, institutions are driving higher demand, contributing to the overall decline in available inventory, which is at its lowest since October 2020.
Accumulative addresses are increasing at a record 495,000 BTC monthly. OTC desks have seen inventory drop from 26,000 BTC, further indicating that strong demand persists, tightening liquidity in the Bitcoin market.