Analyst: Bitcoin OTC Reserves Hit All-Time Low, Down Over 75% from 2021 Peak

Crypto analyst Darkfost reported that Bitcoin reserves held in known over-the-counter (OTC) platform addresses have dropped to approximately 123,000 BTC, marking an all-time low compared to the nearly 500,000 BTC held in September 2021. The decline suggests a shift in market behavior, potentially driven by increased long-term holding, a more decentralized ownership structure, and miners moving away from OTC sales. This reduction in OTC supply could provide price support for Bitcoin as buying demand increasingly shifts to public markets.