OTC desk balances have remained relatively stable since September, with a 30-day change of 3,000 BTC. This marks a significant decrease from the June high of 92,000 BTC. In Q1, pent-up demand led to a negative 30-day change in OTC desk balances, contributing to Bitcoin’s record high.
Daily OTC desk inflows for Bitcoin have dropped to their lowest point in years. The stark contrast between current inflows and those seen in June highlights shifting market dynamics.
Source: https://www.coindesk.com/markets/2024/10/30/bitcoin-approaches-all-time-highs-as-daily-otc-desk-inflows-drop-to-years-lows-cryptoquant/
