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RE: 🚀🌙 In the past month Institutional investors bought $1 billion dollars worth of BTC secretly through OTC desks 🚀🌙
Great stuff, I am very curious when the first institutional investor comes out and actually confirms to have bought a significant amount of BTC. As long as they are trying to accumulate, they probably won't.
I notice that nowadays most of the volume on exchanges are caused by bots and big deals are done OTC, in underground channels with a trusted admin functioning as escrow. What do you see and think of this?
Hey, you're still here! Thought maybe you had left, good to see you around still!
I think you're right on the majority of big deals happening OTC. But it's only a matter of time before the OTC market dries up and the effects trickle down to the exchanges. At some point there will be OTC buy orders, but in order to fill it people will buy on exchanges I believe.
Also, on a sidenote.. remember that job thingy we talked about before? After some time and negotiations, we finally came to an agreement and I started writing for them two weeks ago! :)
But shhh, don't want to really publicize it on here, anonimity and immutability of the blockchain and all.. ;)