As Bitcoin institutionalization grows, trading outside the open market is becoming increasingly common.
OTC trading involves trading outside the order books of exchanges and ETFs, but requires a high volume of liquidity among institutional investors.
Today, the main way these reserves are growing is through distributions made directly by miners, which has been contributing to this growth.
However, it also indicates that many of these institutional investors are not providing enough buying demand, corroborating previous analyses that pointed to risk aversion among large players.
Approximately 90 thousand BTC entered OTC in the last 30 days, increasing its reserves to approximately 293 thousand BTC.
Written by caueconomy