Bitcoin OTC balances spike by 62,000 BTC in 30 days, highest since 2021

exchange68September 10, 2024

0 0 2 minutes read

As Bitcoin’s OTC desk balances surge to levels unseen since the FTX collapse, market watchers are alarmed. Historically, this scenario has preceded significant price movements, either signaling a local top or indicating smart money is cashing out. The data reveals a startling addition of 85,000 BTC recently, juxtaposed with a miner sell-off reaching record highs. How does this intricate dance of market forces shape Bitcoin’s trajectory from here? Dive into the full analysis on Alpha.

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