Summary
- It was analyzed that Bitcoin demand has outpaced supply, achieving an all-time high of $107,000.
- While the 30-day nominal demand is increasing, the Bitcoin holdings of OTC desks have significantly decreased.
- Since November 20, the monthly balance of Bitcoin OTC desks has decreased by 40,000 BTC.
Bitcoin (BTC) has reached an all-time high of $107,000, with analyses suggesting that demand for Bitcoin has outpaced supply.
On the 17th (local time), Julio Moreno, head of research at CryptoQuant, stated on his X (formerly Twitter), "Bitcoin's price has risen to $106,000, reaching a peak. This is the result of demand surpassing supply."
He further explained, "While the 30-day nominal demand has increased, the 30-day holdings of over-the-counter (OTC) desks have decreased significantly this year. In particular, Bitcoin OTC desks have seen a monthly balance decrease of about 40,000 BTC since November 20, and as of early December, it has decreased by 25,000 BTC."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
