Bitcoin supply on OTC desks hits lowest level ever, signaling aggressive institutional accumulation amid favorable macroeconomic conditions.
BTC breaks key daily EMAs as leveraged long positions turn profitable ahead of increased market volatility this trading week.
Price targets of $119K, $123K, and $140K set as liquidity zones align with bullish market structure and upcoming U.S. labor data.
Bitcoin supply on over-the-counter (OTC) desks has fallen to its lowest level ever, signaling continued accumulation by institutional investors. The move aligns with broader macroeconomic shifts, including a rally in gold, a weakening U.S. dollar, and rising global liquidity.
Institutional Activity Aligns with Accumulation Trends
According to Mr. Wall Street , the record low in BTC supply on OTC desks confirms that large institutions are actively accumulating. OTC desks are commonly used by these entities to buy in large quantities without causing sharp price movements. This ongoing behavior suggests strong conviction among long-term holders.
The same analysis links this current phase with prior market setups where Bitcoin surged after similar institutional buying patterns. Historically, low OTC supply and macro shifts have preceded major bullish runs. Market conditions now mirror those periods, reinforcing the idea of upward momentum.
The tweet also noted gold’s upward rally as hedge funds exited traditional risk assets like the S&P 500. This capital rotation, combined with a sharp drop in the dollar and increased global liquidity, has set the stage for favorable Bitcoin price movements.
Technical Levels Indicate Short-Term Bullish Outlook
Bitcoin recently broke above its EMA25 Daily and successfully retested the EMA50 Daily, showing strong buyer interest. Mr. Wall Street emphasized that market reactions at these levels were bullish and gave entry signals for long positions below the EMA50.
These leveraged long trades are now in profit, and the market has yet to react to the U.S. session. Despite the bullish trend, the tweet mentioned a potential sweep of the weekend lows, with buy orders placed below EMA50 to prepare for a possible dip before another leg up.
The analyst maintains a strategy of holding spot positions and accumulating more during pullbacks, aligning with ongoing institutional behavior.
Targets Set at $119K, $123K, and $140K as Volatility Builds
Price targets have been set at $119,000 and $123,000, with expectations of a short squeeze pushing Bitcoin to $140,000. These levels represent key liquidity zones that could attract market activity in the coming weeks.
Additionally, economic events could inject volatility into the market. On Tuesday, PMI data is scheduled, followed by unemployment claims on Thursday. With the Fed now relying more on labor market data than inflation due to pricing distortions, these figures could influence short-term market direction.
