OTC Desks Have a BTC Hole (Patreon)

Per BlackKIWI - thanks mike for sharing 

The impact of the Bitcoin ETF (Exchange-Traded Fund) on the price of Bitcoin does not reflect what is happening behind the scenes.  

The available Bitcoin on OTC (Over-The-Counter) desks has decreased significantly, from around 1250 BTC to just 600 BTC since yesterday. This suggests that there is a growing demand for Bitcoin, as more is being bought than sold.

The ETFs had a large inflow of of at least $720M, which would require the purchase of around 15,108 BTC to cover. However, only a small portion of this has been settled so far. This indicates that there is still a lot of buying pressure for Bitcoin, which could potentially drive up the price in the future. 

Circa 1250 OTC #BTC available yesterday. (this is across 3 Trading Desks, BLK have access to 8 as per S-1). 

Approx only 690 #BTC were left OTC this morning, with another 90BTC drained this morning = 600 left.