CryptoQuant On-Chain analyst Julio Moreno recently highlighted a noteworthy trend: the persistent outpacing of supply by demand, which has propelled Bitcoin (BTC) to reach new all-time highs. This phenomenon is evident in the significant decline in Bitcoin over-the-counter (OTC) desks' balances, which have dropped by 40,000 BTC since November 20, 2020, indicating a surge in demand. As the demand for Bitcoin continues to escalate, it is anticipated to drive the price even higher. This latest development adds to the growing body of evidence suggesting that the cryptocurrency market is experiencing a sustained bull run, with Bitcoin leading the charge. Investors and analysts alike are closely monitoring the situation, eager to see how far Bitcoin's upward trajectory will extend.

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