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Bitsky000

06/23 17:53

Bitcoin's OTC desks are running dry

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Bitcoin's OTC desks are running dry Off-exchange Bitcoin reserves at historic lows The pool of $BTC sitting on over-the-counter desks has drained to levels not seen in years. CryptoQuant data shows the amount of Bitcoin held in the OTC market has dropped by around 400,000 BTC, falling from 550,000 BTC to roughly 150,000 BTC, even as whale buying has persisted. Today that figure sits somewhere in the 100,000 to 150,000 range, a sharp contrast to the peak inventory that large buyers once relied on.
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