Insights

Bitcoin OTC desk holdings at seventh-month high

exchange68September 13, 2024

0 0 1 minute read

Definition

The total amount of coins held on OTC desk addresses. This data is based on three different OTC desks.

Quick Take

Based on the three different OTC desks, they hold over 5,600 BTC, almost double the lows during Q4 2022.
During the 2021 bull run, OTC desk holdings hit over 12,000 BTC, as this was a popular method that is typically reserved for traditional investors and used to execute large trades for big buyers who need significant liquidity.
This is an encouraging sign showing that liquidity and big institutions are returning to the Bitcoin space.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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