📊 $BTC #CryptoQuant : Bitcoin OTC Desk Balances Soar to Two-Year Peak!

Bitcoin OTC desk balances for miners have increased by more than 70% over the past three months, rising from 215,000 BTC in June to 368,000 BTC in August - an increase of 153,000 BTC.

These balances have not reached such levels since June 2022.

Miners often turn to OTC (Over-the-Counter) deals to sell Bitcoin, seeking better execution without impacting the market price as they might on exchanges.

The substantial rise in OTC desk balances suggests significant selling activity among miners.

Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.