Glassnode: The stock of Bitcoin OTC platforms is less than 500 coins, reaching the lowest level in history
On March 2nd, according to Glassnode data, the inventory of Bitcoin on OTC platforms has been continuously decreasing during this round of market rise, and has now dropped to its historical lowest level (388 coins on February 29th), comparable to mid-2018. Caitlin Long, founder of crypto-friendly bank and Bitcoin custody institution Custodia Bank, responded on social media to comments about "Bitcoin OTC platform inventory approaching depletion," stating that according to a reliable source, at some point this Wednesday there were only about 40 BTC available for trading on the Bitcoin OTC platform.
Note: The OTC platform data recorded by Glassnode only covers some mainstream platforms and cannot accurately represent the inventory data of all global platforms but still holds reference value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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