Latest data shows that the Bitcoin reserves of over-the-counter (OTC) platforms are facing unprecedented pressure. These platforms, which are specialized in handling large-scale encryption transactions, have seen their Bitcoin holdings drop to historical lows.

Since the beginning of 2023, the Bitcoin reserves in OTC wallets related to mining pools have sharply declined by 21%. Currently, there are only 155,472 Bitcoins left in these wallets, worth approximately $17.1 billion, marking a historic low.

It is worth noting that this data only includes addresses related to mining pools and does not include Bitcoin held by exchanges or individual miners. This trend reflects that the OTC market may be undergoing structural changes, or that investor behavior is experiencing significant shifts.

The sharp decline in Bitcoin reserves may suggest several potential factors: investors may be moving funds from the over-the-counter market to more transparent exchanges, or large holders may be reducing their Bitcoin positions. In any case, this decrease in reserves could have significant effects on the liquidity and price stability of the OTC market.

As the Bitcoin ecosystem continues to evolve, the role and importance of OTC platforms may need to be reassessed. Market participants and regulators will closely monitor the development of this trend and the potential ripple effects it may have on the entire encryption market.