Bitcoin’s OTC Waltz: A Supply Shock Tango or Institutional Charade?

In a missive dated April 11, the intrepid GugaOnChain, a market analyst with a penchant for deciphering the arcane, unveiled a curious datum: OTC transactions now command a staggering 82.26% of Bitcoin’s settlement volume, thrusting the market into the “Institutional Alert Zone”-a realm where only the most audacious players dare tread. Of the 706,000 BTC waltzing across the network daily, a mere 17.14% deigns to grace the order books of centralized exchanges, leaving public liquidity as parched as a Nabokovian protagonist’s wit.





