The current crypto market is obsessed with the rising price of Bitcoin tokens. After a quarter, the price has finally touched the $90,000 mark. However, there is scarcely any buzz about Bitcoin’s over the counter (OTC) balance reaching an all-time low.
AltcoinGordon’s X handle broke the news finally, on April 29th, 2025. The data extracted from the tweet and relevant bitcoin otc live chart on X shows the volume of BTC held in OTCs is reducing sharply.
What are these OTC desks and how do they matter for the extensive crypto trade?
For starters, OTCs are mainly used by institutional investors and big whales to carry out large-volume trades.
However, there’s a twist. These trades take place outside the public exchanges. At press time, the OTC levels have dropped to an all-time low. Experts suggest this will bring major shifts in the market dynamics.
Glassnode published an on-chain database on 29th April 2025. The same says that the OTC database has reduced 15% in volume in a matter of 1 month only! Certainly, there have been huge outbursts of outward BTC flow from the desks.
The market would be buzzing to know whether it’s a positive or negative trend. For the most part, the movement should have positive repercussions on the market only. So, it is apparent that the extracted BTC tokens are absorbed through retail or institutional purchases over public exchanges.
Therefore, the trading volume of BTC will increase over time. When the OTC trades occur outside public domains, the same does not reflect on the trade volume. However, things will change now.
As the trading volume increases, the price will also surge.
# What Happened in The Past?
In the past, low OTC desk volume has always preceded a typical bullish streak in the market. CryptoQuant observed that the same happened back in 2020. The bullish streak struck up the BTC price from $10,000 to $20,000, within just 2 months.
The kind of Bitcoin OTC price and volume drop in 2020 is very similar to how it’s happening now. So, investors feel that it is an indicator of an imminent bullish drive again.
The market also wants to know whether there have been any direct trade implications of the low OTC volumes. Among subtle happenings, there is something very prominent. The BTTC accumulation addresses have risen by 10% in number.
For beginners who are not aware of these addresses, they are wallets that golf at least 10 BT and have no history of spending from the wallet. In other words, they are long-term institutional investors of BTC.
If long-term Bitcoin purchase grows in the near future, it would leverage the price. Most importantly, there would be a steady and constant streak of price growth. Let’s check out what else we can learn from technical analysis.
# Perspectives from a Technical Analysis
The Bitcoin price chart and trading volume points out that since the last major drop in Bitcoin OTC, the coin’s price has soared 4.2% in a matter of 24 hours.
Experts say that the BTC price can go past the upper Bollinger Band formed on the 4-hour trading chart. The band exists at $69,000.
Simultaneously, the RSI stands at 62, suggesting that there is soon going to be a bullish streak in the making. At the same time, the bitcoin otc Tradingview analysis says that this bullish momentum is going to be built slowly and steadily.
So, there are maximum chances that it will stay for longer!
The Moving Average Convergence Divergence also shows that there is a trending bullish crossover on the daily charts. Moreover, the Volume analysis for BTC tokens and bitcoin otc dataset desks shows that the bullish outlook is actually imminent!
