3 hours ago
3
Key Takeaways
- Bitcoin OTC desk balances have fallen to an all-time low near 150K BTC.
- The 7-day exchange netflow stands at roughly -11,005 BTC, still supply-reducing.
- Wallets holding 1K-10K BTC accumulated about 68,000 BTC over 60 days.
- Leverage looks calm, so the move looks spot-driven, not a leveraged squeeze.
One of the most striking signals comes in the over-the-counter market. According to CryptoQuant data, the Bitcoin balance held on OTC desks has collapsed from around 550,000 BTC in 2022 to roughly 150,000 BTC today, an all-time low and a drawdown of about 400,00...
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