OTC desks are holding the least $BTC on this CryptoQuant series in years. the blue balance has slid from about 500,000 to 550,000 bitcoin in 2021 toward the low 120,000s now, a drop of roughly 400,000 coins since 2022. the latest prints sit near 123,000 to 150,000 depending on the snapshot. that inventory is what large buyers used to lift without hitting the public order book. empty desks are not the same as zero supply. coins left those wallets for ETFs, treasuries and cold storage. Strategy alone holds 846,000 $BTC. IBIT has been a bid for months. the float did not vanish. it changed address. OTC balance is inventory, not demand. a thin desk means the next big buyer is more likely to print on Coinbase or Binance. it does not force $87,000 higher by itself. Coinbase premium is still negative, so the US book is not paying up yet. watch whether this balance keeps falling while spot holds $84,000. that is tight inventory plus a bid. if balances bounce while price stalls, desks are restocking into weakness, not a shock. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XRP