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Cryptoslate

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Image Credit: Cryptoslate

Drop in OTC balances shows large investors are accumulating discounted Bitcoin

  • Data from CryptoQuant shows significant outflows of Bitcoin from OTC desks, indicating accumulation by large investors.
  • A declining OTC balance and negative 30-day change suggest long-term accumulation strategies by whales and institutions.
  • Large investors may have used the price drop as an opportunity to accumulate Bitcoin at a discount.
  • A sustained reduction in OTC desk balances could tighten supply and potentially drive upward pressure on Bitcoin's price.

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