Exclusive Insider Report: Bitcoin Price Skyrockets as OTC Desks Run Dry!

Bitcoin is becoming increasingly scarce on over-the-counter (OTC) desks in New York City, according to Caitlin Long, CEO and founder of Custodia Bank. Long highlighted a recent surge in Bitcoin's price, attributing it to the limited availability of the cryptocurrency for sale on major OTC desks.

The rise of Bitcoin spot Exchange-Traded Funds (ETFs) is reshaping the market dynamics, with over $7.4 billion flowing into these funds in the last 50 days. This surge in ETF investments is directly impacting the availability of Bitcoin on OTC desks, evidenced by a sharp decline in supply since December.

As Bitcoin ETFs drive market makers to seek Bitcoin from public exchanges, reports indicate minimal availability of Bitcoin for sale on OTC desks, sometimes as little as "40 BTC at any price point."

The recent uptick in Bitcoin's price coincides with significant inflows into Bitcoin ETFs, particularly between February 26 and 28, when daily inflows surpassed $500 million. Despite a subsequent stabilization in price and a decrease in ETF inflows, the relationship between Bitcoin ETF activity and market prices remains a subject of interest in the cryptocurrency community.

Bitcoin's market dynamics are currently marked by high volatility, influenced by factors like supply and demand dynamics, institutional demand, and liquidity injections. The future trajectory of Bitcoin is shaped by these elements and their impact on the broader cryptocurrency landscape. Events such as the introduction of a Bitcoin spot ETF and Bitcoin halving events have historically driven price rallies due to supply constraints.

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