Summary
- It was analyzed that the Bitcoin holdings of OTC desks are plummeting.
- The total BTC holdings have decreased by 40,000 BTC since November 20.
- The surge in Bitcoin demand is said to be strengthening market momentum.
An analysis has emerged indicating that the Bitcoin (BTC) holdings of over-the-counter (OTC) desks in the virtual asset (cryptocurrency) market are rapidly declining.
On the 20th (local time), CryptoQuant announced via X that "OTC desks are experiencing the largest monthly inventory decrease of the year," noting that "26,000 BTC have been reduced." They further analyzed, "The total Bitcoin holdings of OTC desks have decreased by 40,000 BTC since November 20, leading to a supply shortage," and "the demand for Bitcoin is surging, strengthening market momentum."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
