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Bitcoin Bull Run in Question as Balances on OTC Desks Rise to 410k

The amount of bitcoins on OTC desks has doubled over the past five months to the highest level since May 2022.
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Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant

Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
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Crypto Prime Broker FalconX Starts FX Desk With Hires From BCB Group

The offering will provide crypto trading firms, exchanges and brokers with access to 20 FX pairs.
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CoinDesk Mothballs DESK Reward Token Program

It was an experiment in driving community engagement, and we're leaving the door open to relaunching DESK or something similar in the future.
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Recent Posts

  • SOL Jumps 6%, Bitcoin Clings to $84K on Dampened Rate Cut Hopes
  • Three Wallets Snag ‘Base is for everyone’ Tokens Before Official Announcement, Profiting $666K
  • Republican States Pause Lawsuit Against SEC Over Crypto Authority
  • The Protocol: Nvidia To Manufacture AI Supercomputers in U.S., New Opportunities for Crypto Miners
  • Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear

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