Definition
The total amount of coins held on OTC desk addresses. This data is based on three different OTC desks.
Quick Take
- Based on the three different OTC desks, they hold over 5,600 BTC, almost double the lows during Q4 2022.
- During the 2021 bull run, OTC desk holdings hit over 12,000 BTC, as this was a popular method that is typically reserved for traditional investors and used to execute large trades for big buyers who need significant liquidity.
- This is an encouraging sign showing that liquidity and big institutions are returning to the Bitcoin space.
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Source: https://cryptoslate.com/insights/bitcoin-otc-desk-holdings-at-seventh-month-high/