meaning
Total amount of coins held at the OTC desk address. This data is based on three different OTC desks.
quick take
- Based on three different OTC desks, it holds over 5,600 BTC, almost double the Q4 2022 low.
- During the 2021 bull market, OTC desk holdings exceeded 12,000 BTC. This was because it was a popular method usually reserved for traditional investors and used to execute large trades for large buyers who needed large amounts of liquidity.
- This is an encouraging sign that liquidity and large institutions are returning to the Bitcoin space.
Bitcoin OTC desk holdings at 7-month high first appeared on CryptoSlate.
