As bitcoin approaches a record high, sophisticated investors use over-the-counter (OTC) desks to trade without impacting the spot market price, holding 416,000 BTC.
OTC desks have surged in popularity as they allow high-net-worth individuals to execute trades without revealing their strategies or affecting the market, a key feature during price fluctuations.
The increase in OTC desk holdings indicates a trend where institutional players strategically manage their market influence, contributing to bitcoin's stable pricing behavior over the past months.
CoinDesk Indices reports that influential investments through OTC platforms can insulate the market from volatility, exemplified by ETFs' minimal impact despite record purchases.
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