CryptoQuant draws attention to the sharp increase in available BTC on OTC desks.
Let us recall that OTC is over-the-counter trading, and OTC desks are trading platforms where transactions with cryptocurrencies and other assets take place directly between two parties without the participation of intermediaries and exchanges. This allows large transactions to be made without negatively impacting market prices.
The last time such an increase in the volume of available BTC on OTC desks was due to an increase in the asset price before the collapse of the#FTXcrypto exchange in November 2022. Then, after its collapse, there was a sharp drop in both the volume on OTC desks and the asset rate. The parallels are so-so đ
