Bitcoin whales are accumulating digital assets again as OTC transactions increase. Analyzing CryptoQuant's report on the surge in Bitcoin inflows to whale wallets.
According to CryptoQuant analytical platform, the digital currency market has witnessed a significant increase in Bitcoin inflows to whale wallets, indicating that this group of investors has started accumulating this digital asset amidst recent price drops. Analysts see this as buying from OTC sellers after off-exchange transactions. Over 22,770 Bitcoins have been deposited into whale wallets, potentially signaling an upward trend. The increase in OTC transactions also indicates a notable rise in inflows to Coinbase’s prime brokerage service, the preferred Bitcoin buying channel for US institutions.
