Bitcoin OTC address balance falls to 123,000 BTC, down over 75% from 2021 peak
- —OTC addresses hold about 123,000 BTC versus nearly 500,000 BTC in September 2021
- —The drop from the 2021 peak exceeds 75%
- —Analyst Darkfost attributes this to rising long-term holding and broader ownership distribution
- —Some selling may have shifted to public exchanges, making the conclusion about reduced supply ambiguous
Why it matters: A shrinking volume available for sale on OTC desks could push large buyers to public exchanges and support the BTC price.
Source: TokenPost