Analyst: Bitcoin OTC address reserves hit a historic low, down over 75% from their 2021 peak.

BlockBeats news, September 20 - Crypto analyst Darkfost posted that the Bitcoin reserves held by known over-the-counter (OTC) platform addresses have dropped to a historic low, currently around 123,000 BTC, compared to nearly 500,000 BTC in September 2021.

The continuous decline in OTC reserves could be due to multiple reasons, including investors' preference for long-term BTC holding, a trend toward decentralization in Bitcoin holding structure, and participants such as miners no longer primarily selling BTC through OTC channels. Additionally, some holders may prefer to sell directly through public markets.

Regardless of the specific reasons, the significant reduction in OTC reserves means there is less and less BTC available for sale outside the public market. If buyer demand shifts more toward direct purchases in the public market, it could provide support for BTC prices.