Analysis: Bitcoin OTC reserves drop to 155000, supply shortage may push up prices

According to Cointelegraph, the reserve of Bitcoin over-the-counter (OTC) trading platform has dropped to 155000 coins, approaching a historical low. Analysts point out that as companies such as MicroStrategy continue to purchase BTC, when off exchange reserves are depleted, they may turn to exchange purchases, which could lead to supply shocks. According to Glassnode data, the balance of BTC on the exchange is currently 2.919 million, with a profit of over 1 billion US dollars within 24 hours, of which 358 million US dollars comes from long-term investors who have held it for 7-10 years. MicroStrategy has increased its holdings of 182391 BTC this year.