$BTC

ver-the-counter (OTC) desks, which facilitate large, private cryptocurrency trades, are also experiencing a tightening supply. These desks typically match buyers and sellers but depend on maintaining BTC reserves for swift and reliable trade execution.

The cumulative balance of BTC held in known OTC addresses is at historic lows. CryptoQuant data shows a 21% decline in OTC address balances linked to miners since January, now down to an all-time low of 155,472 BTC.

This figure reflects inflows from over two unique “1-hop” addresses tied to mining pools, excluding miners and centralized exchange addresses.