Long-Term Bitcoin Holder Metrics at Multi-Month Lows; OTC Desks Running Dry

Spending by five-year Bitcoin holders dropped to 962 BTC, while multi-year holder selling fell to a 19-month low. OTC desk Bitcoin balances declined by approximately 400,000 BTC since 2022, with reports describing OTC supply as running dry. Bitcoin's production cost was previously estimated at $78,000 per coin while the market price remained below that level.