![Bitcoin OTC desk holdings at seventh-month high](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/01/bitcoin-Insights-2.jpg&w=70&h=37&q=75)
Definition
The total amount of coins held on OTC desk addresses. This data is based on three different OTC desks.
Quick Take
- Based on the three different OTC desks, they hold over 5,600 BTC, almost double the lows during Q4 2022.
- During the 2021 bull run, OTC desk holdings hit over 12,000 BTC, as this was a popular method that is typically reserved for traditional investors and used to execute large trades for big buyers who need significant liquidity.
- This is an encouraging sign showing that liquidity and big institutions are returning to the Bitcoin space.
![OTC desk balance: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/02/otc-desk.png)