Bitcoin OTC Address Reserves Drop to Historic Low, Down Over 75% from 2021 Peak

On September 20, crypto analyst Darkfost stated that the Bitcoin reserves held by known over-the-counter (OTC) trading platform addresses have fallen to a historic low of approximately 123,000 BTC, down over 75% from nearly 500,000 BTC in September 2021. The continuous decline in OTC reserves may be due to investors' preference for long-term holding of BTC, the diversification of Bitcoin holding structures, and participants such as miners no longer primarily selling BTC through OTC channels. Some holders may prefer to sell directly on the open market. The significant reduction in OTC reserves indicates that there is increasingly less BTC available for sale outside the open market, and if buyer demand shifts to direct purchases on the open market, it could provide support for BTC prices.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.