Analysis: Bitcoin OTC reserves drop to 155,000 coins, supply shortage may drive up prices

ChainCatcher news, according to Cointelegraph, the reserves of Bitcoin over-the-counter (OTC) trading platforms have dropped to 155,000, nearing historical lows. Analysts point out that as companies like MicroStrategy continue to purchase BTC, once OTC reserves are depleted, they will turn to exchanges for buying, which may lead to supply shocks.

Glassnode data shows that the exchange BTC balance is currently 2.919 million, with over $1 billion in realized profits in the last 24 hours, of which $358 million comes from long-term investors holding for 7-10 years. MicroStrategy has increased its holdings by 182,391 BTC this year.