The latest data from CryptoQuant shows that Bitcoin holdings on Crypto OTC exchanges have reached 368,000, worth more than $22 billion, the highest level since June 2022. In three months, Bitcoin OTC balances increased by 153,000 coins. CryptoQuant pointed out that miners usually sell Bitcoin through OTC channels to avoid affecting the market price, which reflects the recent significant increase in selling pressure by miners. Historical data shows that an increase in Bitcoin balances on OTC exchanges is usually accompanied by a decrease in the price of Bitcoin. (CoinDesk)