On the 20th, analyst Darkfost, known for on-chain analysis, pointed out on X (formerly Twitter) that the reserves of Bitcoin (BTC) held by OTC (over-the-counter) desks have decreased to historically low levels.
According to data from CryptoQuant, the BTC stored in known OTC desk addresses is currently around 123,000 BTC, down from approximately 500,000 BTC in September 2021, over a span of five years...