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Breaking News: Bitcoin And Ethereum Post Worst Start To A Year On Record: Fortune
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Breaking News: Bitcoin And Ethereum Post Worst Start To A Year On Record: Fortune

Bitcoin OTC Balance Records Rapid Outflows — What’s Next For Price?

Semilore Faleti
Semilore Faleti
Last Updated: February 22, 2026 11:02 am
2 mins read

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Over the past two weeks, the Bitcoin market saw an overwhelming sellers’ dominance, with no significant input from the bulls influencing the price. As the flagship cryptocurrency slipped into a downturn, investors increasingly fled the market out of fear, further pushing prices downwards. However, as the Bitcoin price seems to have found stability, an interesting on-chain revelation has also surfaced. If this change proves sustainable, it could mean something positive for the world’s leading cryptocurrency.

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Accelerating OTC Outflows, Sign Of Possible Reversal?

In their latest post on the CryptoQuant platform, CoinNiel shares an exciting hypothesis for the Bitcoin price, based on data from the Bitcoin: Total OTC Desk Balance. The analyst points out that the Bitcoin price might be at a point where a reversal is imminent. For context, the Bitcoin: Total OTC Desk Balance metric measures the total amount of Bitcoin currently being held in wallets associated with over-the-counter (OTC) trading desks. When the balance is rising, it often implies that more BTC is being moved to these OTC desks. This is also a telltale sign of increasing sell appetite among Bitcoin’s large holders.

On the contrary, falling values on this metric typically indicate that Bitcoin is being withdrawn from OTC desks. By extension, it could imply that institutional demand is growing, or that large holders are no longer positioning for sales.  According to the chart shared below, the Total OTC Desk Balance has taken on a sharp downtrend, meaning that there has been a significant amount of BTC sent out of the OTC market. Notably, this switch in investor behavior is happening around the same time as when Bitcoin regained its $68,000 footing.

Bitcoin
Source: CryptoQuant

As a result, the BTC market sentiment appears to be shifting from pessimistic to slightly optimistic: instead of accumulating BTC for sale, OTC balances are instead contracting. This could be caused by increased buying from large holders or due to reduced selling appetite among Bitcoin’s market participants. 

In the scenario where there is increased institutional accumulation of Bitcoin, it could be a sign that the Bitcoin price would soon make a big upside move. On the other hand, reduced selling activity is also good for the Bitcoin price, as it translates as reduced selling pressure, allowing for the short-term recovery of the flagship cryptocurrency’s price. CoinNiel, therefore, states as a caveat that the true drivers behind this dynamic remain to be confirmed. As a result, investors and other market participants should be alert when engaging with the Bitcoin market.

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Bitcoin Price At A Glance

At press time, Bitcoin holds a value of $67,953, reflecting a 24-hour devaluation of 0.17% per CoinMarketCap data. Since the past seven days, the flagship cryptocurrency has so far lost about 2.81% of its value. 

Bitcoin
BTC trading at $68,202 on the daily chart | Source: BTCUSDT chart on Tradingview.com
Featured image from Unsplash, chart from Tradingview
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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