🪝 Bitcoin is changing hands… but where?
📊 The known reserves of $BTC on OTC desks have fallen to around 123,000 BTC, compared to nearly 500,000 BTC in September 2021: a reduction of more than 75%.
This means there is less Bitcoin identified in these private trading channels. It may reflect greater long-term holding, a wider distribution of coins, or changes in how large participants execute their trades.
🎯 Conclusion: the data does not predict where the price will go. What it does show is a major shift in the liquidity structure and BTC supply.
The question now is: where did all that Bitcoin that left the OTC desks end up? 👀
📊 The known reserves of $BTC on OTC desks have fallen to around 123,000 BTC, compared to nearly 500,000 BTC in September 2021: a reduction of more than 75%.
This means there is less Bitcoin identified in these private trading channels. It may reflect greater long-term holding, a wider distribution of coins, or changes in how large participants execute their trades.
🎯 Conclusion: the data does not predict where the price will go. What it does show is a major shift in the liquidity structure and BTC supply.
The question now is: where did all that Bitcoin that left the OTC desks end up? 👀
