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Analysis: Bitcoin OTC reserves have dropped to 155,000 coins, supply shortage may drive up prices.
According to ChainCatcher news and reported by Cointelegraph, the reserve of Bitcoin in the OTC Trading platform has fallen to 155,000 coins, nearing a historical low. Analysts point out that as companies like MicroStrategy continue to purchase BTC, once the OTC reserves are depleted, they will turn to exchanges to buy coins, which may lead to a supply shock. Glassnode data shows that the exchange BTC balance is currently 2.919 million coins, with over 1 billion dollars in realized profits in the last 24 hours, of which 358 million dollars comes from long-term investors holding for 7-10 years. MicroStrategy has increased its holdings by 182,391 BTC this year.