Analyst: Bitcoin reserves on known OTC platforms hit record low of 123,000 BTC

According to CryptoQuant analyst Darkfost, Bitcoin reserves held by known OTC trading platform addresses have dropped to a record low of approximately 123,000 BTC, down from nearly 500,000 BTC in September 2021. The analyst suggests this decline may be driven by a shift toward long-term holding, reduced OTC sales by miners, and a transition to public markets. This trend indicates a decrease in BTC available for sale via OTC channels, which could shift demand to public markets and potentially provide price support.