The decline in Bitcoin reserves on OTC desks and exchanges raises expectations for the cryptocurrency price increase. Experts’ forecasts point to possible shortages and their impact on the market.
Shortage of Bitcoin Reserves on OTC Desks
Decreasing Bitcoin reserves on OTC desks and exchanges may lead to a significant supply-demand imbalance. According to trader Bedlam Capital Pres, this could 'uncork' the rise of Bitcoin's price. '$MSTR buys most of its BTC from OTC trade desks. MSTR has bought 182,391 BTC YTD,' he reports.
Market Profit Analysis and Sentiments
Profit-taking in Bitcoin trading continues to be a priority for many investors amid market uncertainties. Analytics firm Glassnode reported that realized profits over the past 24 hours exceed $1 billion. A significant portion of profits came from older coins, which may signal real exits from the market.
Predictions and Future Trends
As OTC desks and exchanges run low on Bitcoin, the demand is expected to increase. Experts note that this situation may lead to significant price increases, although the market remains vulnerable to external negative factors.
The current situation with Bitcoin reserves on OTC desks and exchanges creates conditions for potential price growth. Investors should remain attentive to current market conditions and possible changes.
