Potential Bitcoin Supply Shock May Influence Future Price Movements

Key Points

1. Corporate treasuries, like Strategy, are increasingly purchasing BTC from OTC desks, creating a supply imbalance that could drive prices higher.

2. OTC desk reserves have dropped to approximately 155,000 BTC, indicating tightening supply and potential upward price pressure.

3. Strategy has consistently purchased BTC weekly in 2025, regardless of price fluctuations, reinforcing demand.

4. Exchange balances are declining as long-term holders take profits, with Glassnode reporting combined exchange balances at 2.919 million BTC.

5. Over $1 billion in realized profits were recorded in 24 hours, with $362 million (35.8%) coming from coins held for 7–10 years.