Bitcoin OTC desk holdings at seventh-month high

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.
OTC desk balance: (Source: Glassnode)
OTC desk balance: (Source: Glassnode)

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