Bitcoin balances on OTC desks surge by 30,000 BTC in May

exchange681 week ago

0 1 2 minutes read

Bitcoin’s tumultuous journey from May to June has raised eyebrows, especially with its recent climb past $70,000. However, there’s a surprising undercurrent to this ascent: a significant surge in Bitcoin balances on OTC desks. Since hitting a local top and fluctuating around the $63,000 mark, over 30,000 Bitcoin have flowed into OTC desks just in May alone. This influx hints at a critical market behavior that could… [Discover more on CryptoSlate Alpha].

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