[Opinion] Bitcoin (BTC) Price Analysis as OTC Balance Drops by $40.8B

The Taylor Market Report (5/27/25)

By Bill Taylor, CEO / Digital Wealth News and AI & Finance DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates.  Any financial advice included here is for entertainment purposes only. BULLISH – BITCOIN, GOLD NEUTRAL – ETH BEARISH – S&P 500 5/27/25 Closing Prices: BTC:  $109,825.91  +3.3%  (Tue-Tue)ETH:  $2,682.36  +8.2%%  (Tue-Tue)Gold:  $3,265  +0.03%  (Tue-Tue)S&P 500:  5,9…

Bitcoin (BTC) Price Analysis as OTC Balance Drops by $40.8B

The big-picture outlook for Bitcoin (BTC) price remains strong, as it trades above $110,000 today. A bullish data point that paints this optimistic outlook is the significant drop in over-the-counter BTC balances over the years. To be precise, the OTC balance has decreased by 371K, valued at nearly $40.8B at press time. According to data from CryptoQuant, the OTC balance has dropped from 486K to 115K, showing a 4.2-fold decrease since September …