otc crypto - Bitcoin Supply Tightens as OTC Activity Surges, Testing $73,000 Resistance
?? DESCRIPTION
Bitcoin's selling pressure has eased as over-the-counter (OTC) activity surged, with OTC share climbing to 82.26%, indicating a shift of activity away from exchanges. Institutional demand appears to be absorbing supply with minimal slippage, while only 17.14% of the flow remains on exchanges, with Coinbase capturing 58.21% of this activity. Long-term holders have remained largely inactive, with just 94.68 BTC of older coins moving to exchanges despite a settlement volume of 706,000 BTC.The reduction in realized losses, which previously surged to $400 million per day, suggests that most weak hands have exited the market. This has led to a more balanced market positioning, with the realized profit/loss ratio moving toward 1. As Bitcoin approaches the $72,000 mark, the price faces resistance in the $73,000–$74,000 range, where dense liquidity clusters could act as price targets. A sustained move above $73,000 could accelerate the price, while failure to break higher may keep Bitcoin range-bound.
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