🚀 Bitcoin's OTC Balance Hits 2.5-Year High! 🚀

The OTC bitcoin balance has surged to 410,000 tokens, the highest since May 2022! This echoes the bull run of late 2020 to early 2021. 📈

CryptoQuant data shows a significant increase in OTC balances, more than double the 185,000 seen in March. High balances indicate strong liquidity, crucial for fulfilling large orders by high-net-worth individuals and institutions.

For Bitcoin to maintain its recent bull run, a decline in OTC balances might be necessary. What are your thoughts on this? Will we see a continuation of the bull run? Drop your comments below! 💬 #Bitcoin #CryptoAnalysis