Balanse sa Bitcoin OTC Desk, Bumaba Habang ang Presyo ay Nanatili sa ₱3,945,487 ($67,953)
CryptoQuant analyst CoinNiel published a hypothesis that Bitcoin's price might be nearing a reversal point based on OTC desk balance data, with the metric entering a sharp downtrend after two weeks of seller dominance.
The total OTC desk balance metric tracks how much Bitcoin sits in over-the-counter trading desk wallets. When the balance rises, it typically means large holders are preparing to sell. When it falls, institutions are either accumulating or reducing their sell pressure. Over the past two weeks, sellers dominated the market. But now the balance has entered what CryptoQuant analyst CoinNiel calls a sharp downtrend.
CoinNiel said the Bitcoin price might be at a point where a reversal is imminent. OTC desks handle trades too large for public exchanges, so their wallet activity often previews institutional moves before retail investors see them. The recent outflows suggest whales are either moving coins off exchanges after buying or simply holding instead of preparing to dump.
Bitcoin traded at ₱3,945,487 ($67,953) at press time, down just 0.17% in 24 hours. The token regained the ₱3,948,216 ($68,000) level after dropping 2.81% over seven days.
The analysis comes as Bitcoin continues testing support levels below ₱4,064,340 ($70,000). Michael Saylor's "It's Zero Or A Million" call on Bitcoin echoes across crypto circles, though the market has struggled to break decisively higher in recent weeks. CoinNiel's OTC balance data offers one data point in a broader picture that includes on-chain flows, futures open interest, and spot ETF activity.
Ang artikulong ito ay isinulat batay sa ulat mula sa NewsBTC.
