Bitcoin’s rise and subsequent fall from its new ATH of $108,200 spurred quite a bit of market activity. Last week’s price volatility led to spikes in both spot and derivatives trading, with rising volumes and sky-high liquidations showing the market’s aggressive reaction to the price drop. Looking at trading volumes alone might show a market […]
Drop in OTC balances shows large investors are accumulating discounted Bitcoin Drop in OTC balances shows large investors are accumulating discounted Bitcoin
The sharp drop in OTC balances shows large investors are leveraging the dip to accumulate Bitcoin.
2 min read
Updated: Dec. 24, 2024 at 2:42 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
