Posted by @santaislam
24 Aug, 2024
The balance of Bitcoin
The balance of Bitcoin on over-the-counter (OTC) markets has reached a new high since June 2022.
In August 2024, the volume of Bitcoin on OTC markets reached 368,000 BTC, according to a report by CryptoQuant. This marks a new high since June 2022.
Over the past three months, the balance has increased by 70%—from 215,000 BTC in June to 368,000 BTC in August 2024. According to CryptoQuant experts, this could indicate a potential downward correction in Bitcoin's price, as shown in the chart.