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Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales

Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin SalesInstitutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp. Institutional Players Absorb Bulk of Germany’s […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant

Miners Offload Bitcoin in Anticipation of Reward Halving, Says CryptoquantData from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter (OTC) trading desks, a figure unmatched since the summer of 2023. Record Sales to OTC Desks Mark Bitcoin Miners’ […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’

Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC Demand

Analysts Discuss Bitcoin Over-the-Counter Desks Bubbling With BTC DemandDigital currency markets have been gathering gains again moving past the lows seen a few weeks ago. This week crypto traders have been discussing over-the-counter (OTC) desks bubbling with demand for bitcoin as the co-founder of 21st Paradigm explained, “high net worth individuals [and] institutions want your bitcoin.” Analyst Says Big Market Players ‘Want Your […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs

PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately

PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities ImmediatelyChina’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and […]

‘BITSANITY’ — Records broken with $70B in volume for Bitcoin stocks, ETFs