Posted by @faranakpanahi2019
23 Aug, 2024
Bitcoin Price Warning
Bitcoin miner OTC desk balances have surged 70% in three months, reaching 368,000 BTC in August—the highest since June 2022. This 153,000 BTC increase suggests significant miner selling activity. Miners prefer OTC deals for better execution without impacting market prices. Historically, rising OTC balances correlate with Bitcoin price declines.