Bitcoin nears record highs amid low otc inflows
Press Hub UCapital
Share:
Bitcoin (BTC) is nearing record highs, trading around $72,300, just below its March peak of $73,798, despite stagnant balances on over-the-counter (OTC) desks holding 416,000 BTC. This steady inventory, combined with a significant reduction in daily inflows—down 52% from previous quarters—signals a potential tightening of supply. If demand remains strong without new supply influxes, Bitcoin may break through its historical ceiling and reach new all-time highs.
Bitcoin nears record highs amid low otc inflows
Bitcoin Nears All-Time High Amid Stagnant OTC Desk Balances
Bitcoin (BTC) is once again approaching record highs, trading around $72,300 and just shy of its March peak of $73,798. This rally is notable for the apparent restraint from major holders, as over-the-counter (OTC) desks hold 416,000 BTC, or approximately $30 billion, a level that has remained largely unchanged over the past month.
Institutional Strategy – Quiet Accumulation on OTC Desks
OTC desks are a popular choice among institutional and high-net-worth investors who prefer to transact off-exchange, avoiding the potential price impact on the broader market. The consistent accumulation on these desks—up over 200,000 BTC in the last five months—reflects substantial interest from sophisticated investors, yet the recent reduction in daily inflows indicates a potential drying up of new supply on OTC platforms.
Implications for Price Movement as Demand Meets Reduced Supply
The steady inventory on OTC desks comes as daily inflows have reached their lowest levels this year, down by 52% compared to previous quarters. This low supply level may set the stage for a bullish breakout, as sustained demand without an influx of new supply can push BTC prices higher. Should demand maintain its current pace, bitcoin may break its historical ceiling, challenging the $73,798 mark and potentially reaching new all-time highs in this cycle.
Bitcoin nears record highs amid low otc inflows
Bitcoin Nears All-Time High Amid Stagnant OTC Desk Balances
Bitcoin (BTC) is once again approaching record highs, trading around $72,300 and just shy of its March peak of $73,798. This rally is notable for the apparent restraint from major holders, as over-the-counter (OTC) desks hold 416,000 BTC, or approximately $30 billion, a level that has remained largely unchanged over the past month.
Institutional Strategy – Quiet Accumulation on OTC Desks
OTC desks are a popular choice among institutional and high-net-worth investors who prefer to transact off-exchange, avoiding the potential price impact on the broader market. The consistent accumulation on these desks—up over 200,000 BTC in the last five months—reflects substantial interest from sophisticated investors, yet the recent reduction in daily inflows indicates a potential drying up of new supply on OTC platforms.
Implications for Price Movement as Demand Meets Reduced Supply
The steady inventory on OTC desks comes as daily inflows have reached their lowest levels this year, down by 52% compared to previous quarters. This low supply level may set the stage for a bullish breakout, as sustained demand without an influx of new supply can push BTC prices higher. Should demand maintain its current pace, bitcoin may break its historical ceiling, challenging the $73,798 mark and potentially reaching new all-time highs in this cycle.