Bitcoin OTC balances spike by 62,000 BTC in 30 days, highest s | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Bitcoin OTC balances spike by 62,000 BTC in 30 days, highest since 2021
Bitcoin's OTC desk balances surge to levels unseen since the FTX collapse, market watchers are alarmed. Historically, this scenario has preceded significant price movements, either signaling a local top or indicating smart money is cashing out. The data reveals a startling addition of 85,000 BTC recently, juxtaposed with a miner sell-off reaching record highs. How does this intricate dance of market forces shape Bitcoin's trajectory from here? Dive into the full analysis on Alpha.
