**The balance of Bitcoin in the OTC market hit a new high since May 2022, reaching 410,000! **

Hello everyone! Today we are going to talk about an interesting cryptocurrency topic: the balance of Bitcoin in the OTC market has hit a new high! 🎉

According to CryptoQuant data, on October 1, the total amount of Bitcoin in the OTC market exceeded 410,000, which is the highest level since May 2022. You know, this number is more than double that in March, when the balance was only 185,000.

**Liquidity in the OTC Market**

So, what does the balance in the OTC market mean? Simply put, the balance can indicate the amount of liquidity available for purchase or sale at the OTC counter. A high balance indicates strong liquidity and the trading counter is able to complete large orders; a low balance is the opposite, which may indicate that the transaction is more difficult.

OTC customers are mainly high-net-worth individuals or institutions outside of retail trading platforms. OTC trading allows large-scale buying and selling without affecting the price of Bitcoin on centralized exchanges (CEX).

**Bitcoin Price Trends and OTC Balances**

Interestingly, data shows that OTC balances have risen sharply over the past six months, while Bitcoin prices have been trending downward from their all-time high of $73,500 in March. This situation is reminiscent of the situation in late 2020 and early 2021, when OTC balances soared from 235,000 to 435,000 in six months. The difference is that the price of Bitcoin was rising at that time, while it is slightly falling now.

**Market Interpretation and Future Outlook**

So, what does this phenomenon mean for the market? Some people believe that the increase in OTC balances may indicate future market volatility. High-net-worth individuals and institutions may be preparing for large transactions in the future, or they may find the current market price attractive.

Of course, there are also views that this is just part of the natural fluctuations of the market and there is no need to over-interpret it. After all, the cryptocurrency market itself is full of uncertainty and volatility.

**Welcome to interact**

Dear readers, what do you think of this phenomenon? What impact do you think the increase in OTC balances will have on the Bitcoin market?Welcome to share your views and insights in the comments section, let's discuss this interesting topic together!

In short, the record high balance of Bitcoin in the OTC market is undoubtedly a phenomenon worthy of attention. Whether you are a veteran player of cryptocurrency or a novice who is just getting started, you can find some interesting market insights from it. Looking forward to your interactive exchanges!