🚨 OTC Reserves See Highest Withdrawal Volume of 2024
Institutional demand remains strong as OTC desks report the largest withdrawal volumes of 2024, signaling continued BTC accumulation by major players.
In the past 30 days, around 25,000 BTC have been withdrawn from OTC reserves, leaving approximately 405,000 BTC in these institutional liquidity and trading providers.
It’s worth noting that these coins are accumulated off-order books, minimizing immediate market structure impact.
However, this accumulation trend underscores that institutional players are steadily increasing their exposure to Bitcoin, and risk aversion has yet to set in.