[2018-12-19]Bitcoin OTC Trading Volume Soars as Institutions May Be Accumulating

[tyz]

While volume on centralized exchanges is down as a whole, Bitcoin OTC (over-the-counter) markets have seen a surge in buyers leading to a shortage of sellers, according to the latest data from Diar. This may suggest that institutional investors are quietly stocking up on bitcoin while looking to keep prices low for the time being.
https://bitcoinist.com/bitcoin-otc-trading-volume-accumulating/

[Betwrong]

They are smart guys, I have to admit. It would be practically impossible to keep the price that low if they weren't buying OTC. I'm wondering how much did they manage to buy at, probably, the lowest prices possible for the time being and for the upcoming future? Anyway I think they are going to make good profits and I'm glad for them. This is what happens when you don't lose faith in the high-potential technologies even in times when "Others Are Fearful".

[royalfestus]

While volume on centralized exchanges is down as a whole, Bitcoin OTC (over-the-counter) markets have seen a surge in buyers leading to a shortage of sellers, according to the latest data from Diar. This may suggest that institutional investors are quietly stocking up on bitcoin while looking to keep prices low for the time being.
https://bitcoinist.com/bitcoin-otc-trading-volume-accumulating/

Do we always have buyers over the counter this much around this time of the year? The highest ever price of bitcoin was on this very day 2017(December 19). Have been waiting to see what will happen today and there it was, another surge though far from previous year. There was an argument that the OTC sales has significant no effect in BTC over all price.

[squatter]

While volume on centralized exchanges is down as a whole, Bitcoin OTC (over-the-counter) markets have seen a surge in buyers leading to a shortage of sellers, according to the latest data from Diar. This may suggest that institutional investors are quietly stocking up on bitcoin while looking to keep prices low for the time being.
https://bitcoinist.com/bitcoin-otc-trading-volume-accumulating/

The evidence is very weak.

They only compared Coinbase to GBTC over two different periods. And because they saw a 20% increase in Coinbase volume "during OTC market hours" they are bizarrely attributing that to OTC market growth. They also note that GBTC volume has been in decline. They don't have any numbers to support their theory.

The remarks about "exponential growth in OTC volumes" from HodlHodl's CEO stem from the fact that their exchange launched literally last month. Exponential growth is very unimpressive with that in mind. He obviously provided no volume numbers because if he had, they'd be laughable. It's a P2P non-custodial exchange that launched a month ago...