TREE NEWS reports: Bitcoin held in known over-the-counter trading desk addresses has dropped to an all-time low of about 123,000 BTC, CryptoQuant analyst Darkfost said on September 20, down from nearly 500,000 BTC in September 2021. The decline likely reflects investors favoring long-term holding, miners selling less through OTC channels and sellers shifting to public markets, leaving fewer coins listed for off-exchange sale.
Known OTC Desk Bitcoin Reserves Fall to Record Low 123,000 BTC: Analyst
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AI take
The shift matters less as a scarcity signal than as a market-structure story: coins are migrating from private OTC channels toward venues where flow is visible on-chain and in order books. That transparency cuts both ways, making large block sales harder to arrange quietly while giving the market a clearer read on real supply. Whether OTC desks replenish from long-term holders or stay lean as public-market selling absorbs the flow is the open question.
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