Institutional Investors are using the OTC “back door” to invest in Bitcoin
Did you know there is an OTC (Over the Counter) market in cryptos?
But you have to have big money or an institution to get in — considering it could be $100k minimum trade.
None of this “huge volume” by institutions is reflected in daily exchange trading.
You may find it odd how BTC seems to stat in a “range” for months —- very unlike Bitcoin. But this is where we are with large players accumulating.
You can read the articles above for yourself.
When will they be ready for things to move up?
Is it related to the CBOE Bitcoin futures which had been shorting ?
If bitcoin were not desired, institutions would not be making massive purchases for months.
Only time will tell, but the data is there for anyone who wants to read for themselves.
Just another reason to HODL..
Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq
Hi, we are also a decentralized blog platform. You have really stood out as an excellent writer & producer. We would like to invite you to share such blockchain info on our platform, CBNT, which focuses on the blockchain and finance fields currently. By posting, you can mine CBNT tokens and gain returns by posting initial content on CBNT. Please let me know if you are interested. Thank you, cbnt.io
Big investors hedging with cryptos. They got the money.
Large money definitely is starting to play with cryptos.