OTC Desk Outgoing Transfer Count
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
OTC Desk Outgoing Transfer Count totals daily on-chain BTC transfers sent from identified over-the-counter desk wallets, in transfers. It measures the frequency of outgoing wallet activity, not the number or value of negotiated OTC trades.
How to read it
A rise can reflect more frequent delivery, settlement or inventory redistribution by tracked desks; a fall means fewer outgoing transfers are recorded. The historical maximum was 243 on May 20, 2021, versus a 2024 yearly high of 104, indicating that settlement frequency has varied across market periods.
One negotiated deal can settle in several transfers, and several deals can be settled together. Transfers may also be operational moves with no new trade behind them. Coverage is limited to identified desk wallets, so combine outgoing count with incoming activity and BTC volumes rather than extrapolating to the entire OTC market.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Transfers & Transactions
- Type
- Single value
- Data since
- 2018-08-14
- Latest data
- 2026-10-27
- Data points
- 2,997
FAQ
Does an OTC desk outflow confirm a customer bought Bitcoin?
No. It could be delivery after a trade, inventory movement or another wallet operation. The on-chain transfer does not reveal when a deal was agreed or its commercial terms.
Why is OTC transfer count much smaller than network transfer count?
This series covers a narrow set of identified desk wallets rather than all Bitcoin activity. Large negotiated amounts can also be settled through relatively few transfers.
Is one outgoing transfer equal to one OTC trade?
No. A trade can have multiple settlement legs, while netting or batching can combine several deals into one transfer. Transfer frequency and trade count are different measures.
