Mounting evidence indicates Bitcoin faces a potential supply shock due to aggressive corporate treasury purchases coinciding with significant profit-taking by long-term holders. This dual dynamic creates market volatility while tightening available BTC reserves.
Corporate entities, led by firms like Strategy, are executing systematic weekly Bitcoin purchases directly from over-the-counter (OTC) desks regardless of price movements. Their persistent acquisitions have reduced OTC reserves to approximately 155,000 BTC, signaling a supply crunch that could propel prices upward.
Simultaneously, exchange balances continue to decline as veteran investors capitalize on gains. Blockchain analytics firm Glassnode reports exchange holdings have decreased to 2.919 million BTC. Recent data reveals over $1 billion in realized profits within 24 hours, with $362 million stemming from coins held for 7-10 years—demonstrating substantial profit-taking activity among long-term holders.