Bitcoin held by OTC desks has dropped to a fresh all-time low of only 142,000 $BTC , compared to nearly 550,000 $BTC back in September 2021.
OTC desks are usually used by institutions and whales to buy Bitcoin quietly without causing major market moves. But even with continuous inflows, demand is still eating up the available supply.
If OTC supply keeps getting thinner, big buyers could eventually be pushed to buy directly from exchanges — and that could add even more upward pressure on Bitcoin’s price.
OTC desks are usually used by institutions and whales to buy Bitcoin quietly without causing major market moves. But even with continuous inflows, demand is still eating up the available supply.
If OTC supply keeps getting thinner, big buyers could eventually be pushed to buy directly from exchanges — and that could add even more upward pressure on Bitcoin’s price.