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Bitcoin OTC Market Faces Historic Liquidity Crunch
The Bitcoin ($BTC) over-the-counter (OTC) market is witnessing notable lows in liquidity levels. Dramatic change in accumulation patterns of large investors have dried up OTC liquidity. As per the data from CryptoQuant Korea, OTC balances have been showing a steady decline since 2022, highlighting the lowest levels in history. While the Bitcoin ($BTC) whales keep accumulating $BTC, OTC balances have reportedly been squeezed by almost 400K $BTC, plunging from 550,000 $BTC to nearly 150K $BTC. This ongoing OTC liquidity crunch may set the stage for stronger Bitcoin price momentum as available supply continues to ... (full story)
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