Bitcoin’s Price About to Pop Like a Champagne Cork 🍾

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Key points:

  • Corporate Bitcoin treasuries are expected to drain OTC desks and exchanges, leading to a significant supply shock.
  • This imbalance will likely “uncork” Bitcoin’s price, sending it soaring into the stratosphere-or at least to the next level.
  • In the interim, taking profits remains a top priority for those who’ve been holding onto their Bitcoin for dear life.

Bitcoin (BTC) demand from over-the-counter (OTC) desks and exchanges is about to “uncork” BTC price growth, according to a new forecast. It’s like a cosmic champagne bottle just waiting to pop.

In an X post on Wednesday, swing trader Bedlam Capital Pres made a bold prediction, betting on a fresh Bitcoin supply shock. It’s like they’ve got a crystal ball, but it’s probably just a very expensive computer algorithm.

OTC Desk BTC Balances Point to Price “Uncork”

Bitcoin is poised to be “uncorked” as reserves on exchanges and OTC desks dwindle, creating a significant supply imbalance. It’s like the last drop of water in a desert, but with more zeros.

Bedlam Capital Pres, a firm that touts Bitcoin treasury company Strategy (MSTR) as the “most asymmetric trade in the market,” sees demand only increasing from here. They’re like the prophets of Bitcoin, always seeing the light at the end of the tunnel, even if it’s just a train coming the other way.

“$MSTR buys most of its BTC from OTC trade desks. MSTR bought 182,391 BTC YTD,” it noted, citing a CryptoMoon report.

“OTC trade desks’ collective balances are down to around 155,000 BTC. As the OTC desks run low, the demand on the public exchanges will increase, and that is what will uncork BTC’s price.”

According to CryptoMoon, corporate Bitcoin treasuries’ BTC exposure increased by 630 BTC on Monday alone, even as BTC price action wobbled around three-week lows. It’s like a rollercoaster ride, but with more anxiety and fewer laughs.

Strategy, which boasts the largest Bitcoin treasury of any public company, has been purchasing BTC almost every week in 2025, regardless of price. They’re like the squirrels of the crypto world, always stockpiling nuts-er, Bitcoins-for the winter.

Exchanges have seen their BTC reserves start to bottom out over the past month as longtime hodlers cash out. It’s like a fire sale, but with digital money instead of furniture.

Onchain analytics firm Glassnode reported that combined exchange balances stood at 2.919 million BTC as of Tuesday.

“In sum, the market has shifted from euphoria to reassessment, with oversold conditions and seller exhaustion hinting at potential for a bounce,” Glassnode summarized in the latest edition of its regular newsletter, Market Pulse.

“However, fragility is growing, and the structure remains vulnerable to external negative catalysts or delayed demand revival.”

Spotlight on “Notable” Realized Profits

Profit-taking continues to be a major focus for market participants, driven by fears of a deeper BTC price correction. It’s like everyone’s trying to get off the sinking ship, but the lifeboats are already full.

Glassnode calculated 24-hour realized profits through Wednesday at over $1 billion. That’s a lot of zeros, and a lot of happy investors.

“$362M (≈35.8%) came from ancient coins held for 7-10 years – a rare event that may reflect internal transfers or true exits,” it informed X followers.

“Another $93M came from 1-2 year holders, also marking notable profit realization.”

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2025-08-06 16:52