Bitcoin’s Wild Ride: Are We Headed for a Cosmic Reversal?

In a recent post on the CryptoQuant platform, the ever-observant CoinNiel has served up a hypothesis so intriguing, it could rival the plot of a Hitchhiker’s Guide sequel. According to the Bitcoin: Total OTC Desk Balance metric (yes, that’s a thing), we might be on the cusp of a price reversal so dramatic, it’ll make the Heart of Gold’s Infinite Improbability Drive look like a Sunday drive. For those not fluent in crypto-speak, this metric tracks the amount of Bitcoin lounging in over-the-counter (OTC) trading desk wallets. When it rises, it’s like a neon sign flashing “SELL! SELL! SELL!” among the crypto whales. But when it falls? Well, that’s when things get interesting.







