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🚀Shocking: Bitcoin OTC Market Dries Up to 40 $BTC 💥 Bitcoin's Over-the-Counter (OTC) desks are witnessing a drastic reduction in available $BTC , plummeting to a mere 40 at one point. This revelation😳, revealed by Caitlin Long, the CEO of Custodia Bank, sheds light on the potential upheaval in the crypto market dynamics, indicating a seismic shift that could redefine the future of BTC trading. The crypto community was rocked by this disclosure that major OTC desks in New York had nearly no BTC available for sale. The OTC desks are almost completely dried up. There's hardly any BTC available to meet rising demand. The duo of BlackRock and Fidelity are moving size in ways crypto has never seen before. This scarcity on OTC desks is not an isolated incident, as Glassnode, a leading blockchain data and analytics firm, reported that Bitcoins held by OTC desks are at their lowest level in five years. The implications of this scarcity are profound. It hints at a potential supply shock in the Bitcoin market, driven by surging demand from institutional investors and major corporations. The decreasing availability on OTC desks could prompt a shift in price discovery from these desks to public exchanges, unveiling the true market price of Bitcoin in a more transparent manner. The shortage on OTC desks also means that large investors and ETFs, like BlackRock and Fidelity, may no longer have the option to buy Bitcoin in bulk at a discount. This shift in dynamics could further elevate demand on public exchanges, potentially leading to significant price movements. With institutional interest at an all-time high and OTC desks running out of coins, the Bitcoin market seems poised for unprecedented movements in the near future. As of now, BTC is trading at $61,847, but with the looming halving event and heightened institutional interest, the stage is set for a dramatic chapter in the Bitcoin market's evolution. #TrendingTopic #BTC #ETH #sol #Portal

🚀Shocking: Bitcoin OTC Market Dries Up to 40 $BTC 💥

Bitcoin's Over-the-Counter (OTC) desks are witnessing a drastic reduction in available $BTC , plummeting to a mere 40 at one point. This revelation😳, revealed by Caitlin Long, the CEO of Custodia Bank, sheds light on the potential upheaval in the crypto market dynamics, indicating a seismic shift that could redefine the future of BTC trading.

The crypto community was rocked by this disclosure that major OTC desks in New York had nearly no BTC available for sale. The OTC desks are almost completely dried up. There's hardly any BTC available to meet rising demand. The duo of BlackRock and Fidelity are moving size in ways crypto has never seen before.

This scarcity on OTC desks is not an isolated incident, as Glassnode, a leading blockchain data and analytics firm, reported that Bitcoins held by OTC desks are at their lowest level in five years.

The implications of this scarcity are profound. It hints at a potential supply shock in the Bitcoin market, driven by surging demand from institutional investors and major corporations. The decreasing availability on OTC desks could prompt a shift in price discovery from these desks to public exchanges, unveiling the true market price of Bitcoin in a more transparent manner.

The shortage on OTC desks also means that large investors and ETFs, like BlackRock and Fidelity, may no longer have the option to buy Bitcoin in bulk at a discount. This shift in dynamics could further elevate demand on public exchanges, potentially leading to significant price movements.

With institutional interest at an all-time high and OTC desks running out of coins, the Bitcoin market seems poised for unprecedented movements in the near future.

As of now, BTC is trading at $61,847, but with the looming halving event and heightened institutional interest, the stage is set for a dramatic chapter in the Bitcoin market's evolution.

#TrendingTopic

#BTC #ETH #sol #Portal

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Bitcoin Mega Whales on Buying Spree: Is the Rally Set to Resume? Recent on-chain data suggests that the largest investors in the Bitcoin market are making moves, and it could be a bullish sign for the cryptocurrency's value. For a while, Bitcoin's price hasn't seen much upward momentum, stuck in a consolidation phase. During this time, the big players, known as "Large Holders," seemed to be on the sidelines, not making any major moves. But that changed in the past day, according to data from IntoTheBlock. Who are these Large Holders? They're investors who own at least 0.1% of the total circulating Bitcoin supply, which amounts to a hefty sum—more than $1.26 billion worth of BTC at current rates. These mega whales are even bigger than your typical whale investors, who usually hold between 1,000 and 10,000 BTC. So, you can imagine the impact their actions might have on the market. IntoTheBlock uses a metric called netflow to keep tabs on these Large Holders' movements. It measures the net amount of BTC flowing into or out of their wallets. And recently, there's been a significant positive spike in this metric. According to the data, these mega whales scooped up a whopping 19,760 BTC, valued at over $1.27 billion. Historically, such accumulations by these big players have often signaled a price rise for Bitcoin. These latest buys might just be what Bitcoin needs to kickstart a bullish trend. However, it's worth noting that while significant, this recent spike isn't as massive as some of the buys we've seen in the past. As of now, Bitcoin is trading around $64,500, down a bit from the previous week. But with the mega whales making moves, could a rally be on the horizon? Keep an eye on those charts! #bitcoinhalving #Megadrop #BullorBear #Memecoins #BTC $BTC $ETH $BNB
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🤑Bitcoin Halving Sparks ETFs In-flows After Days of Decline🚀 Before the recent Bitcoin halving, U.S. exchange-traded funds (ETFs) saw a turnaround in fortunes. After five days of outflows, the market suddenly saw a surge of investments. With expectations of Bitcoin's value rising after the halving, global investment strategies advised adding Bitcoin to portfolios. The ETF market followed suit, ending a week-long streak of outflows since April 12. Data from Farside shows that between April 12 and 18, U.S. Bitcoin ETFs experienced consecutive outflows, mainly due to reduced contributions from key players like the Grayscale Bitcoin Trust ETF (GBTC). The trend started in January when the Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs. However, on April 19, five out of the 10 approved ETFs saw positive inflows, outweighing the GBTC outflows and bringing in a total of $30.4 million. Despite GBTC and Fidelity Wise Origin Bitcoin Fund (FBTC) experiencing outflows totaling $47.6 million, FBTC itself brought in $54.8 million just before the halving. Other contributors to the inflows include Bitwise Bitcoin ETF (BITB) with $4.9 million, ARK 21Shares Bitcoin ETF (ARKB) with $12.5 million, Invesco Galaxy Bitcoin ETF (BTCO) with $3.9 million, and Franklin Bitcoin ETF (EZBC) with $1.9 million. In the previous Bitcoin halving in May 2020, the asset's market value was around $8,500. But the subsequent reduction in BTC issuance led to a surge, driving its value to roughly $65,000 in four years, as per data from Cointelegraph Markets Pro and TradingView. #bitcoinhalving #Megadrop #BullorBear #Memecoins #BTC $BTC $ETH $BNB
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🔥Bitcoin's Fourth Halving is Complete: Block Rewards Drop to 3.125 BTC! Let the Bull Run Party Begin!🚀🚀 Bitcoin just went through its fourth halving, and it's a big deal. At block height 840,000, the block rewards got cut in half, from 6.25 BTC to 3.125 BTC. That's a significant change! But here's the kicker: despite the halving, miners for block 840,000 still made bank. They snagged a massive transaction fee, over 37 BTC, worth more than $2.4 million. Talk about a payday! Even with this historic event, Bitcoin's price stayed pretty steady, hovering above $63,000. It even hit $64,120 at one point before dipping a bit. Right now, Bitcoin's trading at around $63,700, up about 6% in the last 24 hours. And get this: the whole crypto market's now worth over $2.4 trillion, up 4% in the last day alone. But it's not just Bitcoin stealing the show. Other altcoins are bouncing back too. Ethereum and Binance Coin both jumped 5.5% in the last day. And check out Solana, soaring by 10% and trading at around $142. So, why all the fuss about halving? Well, this isn't Bitcoin's first rodeo. It's had four halving events since it started in 2009. Each time, the block rewards get cut in half, creating scarcity and potentially boosting demand. After past halvings, Bitcoin's price shot up. Will history repeat itself? Maybe, maybe not. Some experts think recent developments, like the introduction of Bitcoin ETFs and increased institutional adoption, might have already factored into the price. Plus, there's always uncertainty in the air, especially with global tensions affecting risky investments like crypto. So, buckle up, because the ride's just getting started! #bitcoinhalving #Megadrop #BullorBear #Memecoins #BTC $BTC $ETH $BNB
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Shiba Inu's Surging Open Interest on Major Exchanges Shows Signs of a Potential Comeback🚀 Shiba Inu is back in the spotlight with a sudden spike in value, even though it took a slight hit of 4% in the last 24 hours. After a quick drop to $0.00002092, it bounced back to hit $0.00002296. The surge in interest isn't just hype. Major exchanges like Huobi and OKX are seeing a surge in Shiba Inu activity, with open interest climbing to nearly $16 million and $15 million, respectively. This means more people are jumping into Shiba Inu futures contracts. But not everyone's cheering. Traders seem divided. While the increased interest is a good sign, the Long/Short Ratio, currently at 0.94, suggests some traders are betting on a drop in Shiba Inu's price. It's a mixed bag of feelings in the Shiba Inu community. Looking at leveraged trading, it's clear Shiba Inu is a hot topic. Across various exchanges, open interest in Shiba Inu futures contracts is massive, totaling 2.40 trillion SHIB tokens. Some exchanges like Bitget are seeing big gains, while others like BingX and CoinEx are also on the rise. On-chain data also looks promising. Despite recent ups and downs, the number of SHIB tokens held on exchanges has been dropping since October 2023. This suggests that long-term investors are staying confident in Shiba Inu, even during market dips. With all these ups and downs, Shiba Inu's market remains unpredictable. But with on-chain data pointing towards long-term confidence, it's clear that Shiba Inu is a cryptocurrency worth keeping an eye on. #bitcoinhalving #Megadrop #BullorBear #Memecoins #SHIB $BTC $ETH $SHIB
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🔥Is $51,000 Bitcoin Dump Next on the Horizon or is a Whale Manipulated Surge Imminent? When it comes to navigating the maneuvers of crypto whales, cryptocurrency markets are rife with risks, especially by the colossal players capable of swaying market sentiment at will. In their latest ploy, they're orchestrating what's known as the "fish hook🪝 fantasy," a deceptive surge followed by a sharp decline, set to unfold in just two weeks. Picture this—BTC has been crash in the past two weeks since the Iranian revenge strike against Israel. Suddenly, the market may show signs of an upward surge, luring in unsuspecting investors with promises of profit. But hold your horses—it's a facade carefully crafted by the whales to reel in desperate traders in need of quick cash. Thereafter, the charade may typically unfold toward the month's end, coinciding with whales settling their bills. They pump significant funds into the market, creating the illusion of a robust recovery. Like moths to a flame, investors eagerly anticipate these price upticks, believing they signal a genuine market rebound. They dive in headfirst, hoping to capitalize on the supposed upswing. As billions flood the market from small-scale investors, the whales seize the opportunity to amass substantial profits, capitalizing on the influx of capital. Once their coffers are filled to satisfaction, the whales execute a swift exit strategy, withdrawing their funds from the market in a flash, leaving small investors reeling with losses in their wake. To maintain the facade of optimism, they advocate for investors to hold onto their investments until the next surge, keeping hope alive even in the face of impending losses. While one cryptocurrency is being exploited, the whales divert their attention to another, driving its prices skyward and leaving unsuspecting investors scrambling to join the bandwagon, only to find their returns diminished.📊🔍 #bitcoinhalving #BTC #BinanceLaunchpool #BullorBear #Memecoins $BTC $ETH $BNB
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