Good morning from the Binance OTC desk! Earlier this week BTC | Binance Trading

Good morning from the Binance OTC desk!

Earlier this week BTC saw volatile price movements, but as the week progressed BTC appears to be trading within a tight range, highs being around $29,950 and lows $29,300. Right now looking at the charts it is quite difficult to decipher what is going on, as it stands on the higher time frames market structure is still pointing towards the downside as price fails to trade above any significant high. Fundamentally amongst the crypto community many are discussing the legitimacy of the biggest stablecoin, USDT, it is hard not to think about the repercussions this would have on the market if it were to prove illegitimate as this would certainly induce a crypto winter and change the space as we know it. On the other hand I am one to always think on the flip side and do wonder what would happen if the unexpected was to occur? USDC fails instead. Something to think about for the rest of the week!

BTC Levels of interest:
$30,500
$28,670

The OTC desk has seen significant interest in the following coins this week:
TRX
SAND
MANA
ATOM

Do get in touch with the OTC team for any of your trading needs and as always trade safe!


Minimum OTC trade size $100k