Sophisticated Investors Turn to OTC Desks to Trade Bitcoin Without Affecting Spot-Market Price
Over-the-counter desks are commonly used by sophisticated investors and high-net-worth individuals to execute trades without impacting the spot-market price. In the past five months, OTC desks have experienced a surge of over 200,000 BTC, which is one of the highest levels observed in recent years. As bitcoin approaches an all-time high, it appears that sophisticated investors are taking measures to trade without affecting the spot market price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Time is Running Out! The 5 Next Cryptos to Explode with Massive Gains!
How to Leverage FXGuys’ Ecosystem for Long-Term Crypto Gains
Cryptocurrency Enthusiast Earns $15,000 a Day with BCH Miner
Bitcoin dominance rises to 58% as altcoins struggle, legacy tokens show strength
Bitcoin’s ability to maintain its market dominance without significant price appreciation remains a key consideration, particularly as legacy cryptos show renewed strength.The following is an excerpt from The Block’s Data and Insights newsletter.