{"id":311991,"date":"2021-07-30T12:27:40","date_gmt":"2021-07-30T09:27:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-otc-desks-buzz-as-analyst-warns-big-players-want-your-bitcoin\/"},"modified":"2021-07-30T12:27:40","modified_gmt":"2021-07-30T09:27:40","slug":"bitcoin-otc-desks-buzz-as-analyst-warns-big-players-want-your-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-otc-desks-buzz-as-analyst-warns-big-players-want-your-bitcoin\/","title":{"rendered":"# Bitcoin OTC desks buzz as analyst warns big players &#8216;want your Bitcoin&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b5efec973a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b5efec973a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-otc-desks-buzz-as-analyst-warns-big-players-want-your-bitcoin\/#Investors_ramp_up_BTC_activity\" >Investors ramp up BTC activity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-otc-desks-buzz-as-analyst-warns-big-players-want-your-bitcoin\/#%E2%80%A6But_lower_prices_persist\" >&#8230;.But lower prices persist<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin OTC desks buzz as analyst warns big players &#8216;want your Bitcoin&#8217; <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) is being aggressively bought up by institutional entities this week as data shows over-the-counter (OTC) trading volumes spiking.<\/p>\n<p>As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BTCization\/status\/1420814427432144897\/\">noted<\/a> by Dylan LeClair, co-founder of analytics and advisory firm 21st Paradigm, high net worth individuals have clear interest in Bitcoin at current prices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investors_ramp_up_BTC_activity\"><\/span>Investors ramp up BTC activity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Citing data from on-chain monitoring resource Glassnode, LeClair eyed a sudden uptick in OTC activity just a BTC\/USD hit local highs of $40,700.<\/p>\n<p>A classic tandem event, OTC trading increases tend to accompany a BTC price spike. <\/p>\n<p>In May and June following the comedown from those highs, OTC entities bought on temporary price dips. The same phenomenon has occurred throughout the 2021 bull run, even before all-time highs <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared and BTC\/USD was still on the way up.<\/p>\n<p>&#8220;Big transfer volumes from OTC Desks over the last week,&#8221; he commented. <\/p>\n<blockquote><p>&#8220;High net worth individuals &amp; institutions want your Bitcoin.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/16350c4d-e0d0-4814-bcd2-6e76e1230d9b.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin OTC desk total transfers annotated chart. Source: Dylan LeClair\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>While the latest spike was not the largest in terms of volume, data shows impressive flows from major exchanges.<\/p>\n<p>As Cointelegraph reported, around 57,000 BTC left exchanges in a single day Wednesday, while Thursday saw Kraken alone shift a giant 98,000 BTC as buy-ins accelerated across the market.<\/p>\n<p>Despite losing over $400 million on its BTC stash in Q2, meanwhile, MicroStrategy, arguably the king of institutional Bitcoin investors, has already pledged to buy more.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%A6But_lower_prices_persist\"><\/span>&#8230;.But lower prices persist<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Friday&#8217;s price performance may meanwhile precipitate a replay of earlier buying interest.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin traders express mixed emotions about what\u2019s next for BTC price<\/em><\/strong><\/p>\n<p>At the time of writing, BTC\/USD circled $38,600, having dived 2.7% in an hour as a streak of bearish sentiment entered the market.<\/p>\n<p>While nothing unusual, the volatility highlights the difficulty bulls face in overcoming resistance, be it psychological at $40,000 or technical at $41,000 and above.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Patiently waiting for volatility to kick in on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> here. <\/p>\n<p>Stuck in a small range. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Xu6ZJgdNaJ\">pic.twitter.com\/Xu6ZJgdNaJ<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1421021500879122432?ref_src=twsrc%5Etfw\">July 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Given the relative lack of volatility over the past 24 hours, however, such a move was broadly expected among traders waiting for a higher low after the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>s above $40,000.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-otc-desks-buzz-as-analyst-warns-big-players-want-your-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin OTC desks buzz as analyst warns big players &#8216;want your Bitcoin&#8217; &#8221; Bitcoin (BTC) is being aggressively bought up by institutional entities this week as data shows over-the-counter (OTC) trading volumes spiking. As noted by Dylan LeClair, co-founder of analytics and advisory firm 21st Paradigm, high net worth individuals have clear interest in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":311992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvYjdmM2YxYTEtYzlkYy00NDU3LThiYjAtYTA4NDcyNTNlMjBkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-311991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/311991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=311991"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/311991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/311992"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=311991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=311991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=311991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}