Bitcoin OTC Platform Inventory Reaches Historic Lows

According to BlockBeats, data from Glassnode shows that the inventory of Bitcoin on over-the-counter (OTC) platforms has been steadily decreasing during the recent market uptrend, reaching its lowest level in history on February 29th, with only 388 Bitcoins available. This is comparable to the levels seen in mid-2018. Caitlin Long, founder of crypto-friendly bank and Bitcoin custodian Custodia Bank, responded to comments on social media about the near-exhaustion of Bitcoin OTC platform inventory. She stated that, according to a reliable source, at one point on Wednesday, there were only about 40 Bitcoins available for trading on Bitcoin OTC platforms. It should be noted that the OTC platform data collected by Glassnode only covers a portion of the mainstream platforms and cannot accurately represent the inventory data of all global platforms. However, it still has reference value.