Bitcoin OTC desk holdings at seventh-month high

Definition

The total amount of coins held on OTC desk addresses. This data is based on three different OTC desks.

Based on the three different OTC desks, they hold over 5,600 BTC, almost double the lows during Q4 2022.
During the 2021 bull run, OTC desk holdings hit over 12,000 BTC, as this was a popular method that is typically reserved for traditional investors and used to execute large trades for big buyers who need significant liquidity.
This is an encouraging sign showing that liquidity and big institutions are returning to the Bitcoin space.