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Reserves held on known OTC desk addresses are currently at their lowest level. Right now, 123 000 BTC are held on OTC desks. In September 2021, they were close to 500 000 BTC. Over time, fewer and fewer BTC are being offered on OTC desks. There could be several reasons for this. Investors increasingly prefer to hold their BTC, so they are less inclined to offer them in OTC deals. It could also be because BTC is becoming less centralized. I'm thinking in particular of miners, who could use this route to sell BTC without impacting the price. And perhaps today, people simply prefer to sell on the open market rather than go through OTC desks. Either way, seeing reserves melt away like this suggests that fewer and fewer BTC are being put up for sale outside the market. Demand will have to turn more toward direct buying on the market, which the price should benefit from.