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.
Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant
Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
Crypto OTC Volumes on Wintermute Soared 400% in 2023
Market maker says the uptick in over-the-counter trading was due to volumes moving off-exchange.