Bitcoin traders are speculating about a significant price rally, fueled by rumors of over-the-counter (OTC) exchanges experiencing shortages of Bitcoin. The scarcity in OTC markets is seen as a key factor driving the price optimism among market participants.
This October, Bitcoin's value saw an 11% increase, contributing to the mounting excitement and expectations of traders. Such price movements have intensified discussions around future potential rallies.
The perceived tightness in supply, coupled with growing demand, is bolstering bullish sentiments and fueling widespread speculation about imminent market developments.