​

OTCbid - Bitcoin Dominance Surges, Accounting For Nearly Half of The $1T Crypto Market, Amid Altcoin Selloff

​

​

​

​

​

​

​

​

​

 

​

​

​

​

​

​

​

​

​

​

​

 

 

 

 

 

 

 

 

" Bitcoin's (BTC) dominance rate or share in the total crypto market capitalization rose early Saturday, nearing the 50% mark for the first time since April 2021, according to data tracked by charting platform TradingView.

 

The uptick came as alternative cryptocurrencies (altcoins) like SOL, MATIC, DOGE, and ADA suffered double-digit losses amid rumors of a $2 billion portfolio dump by a proprietary trading firm.

​

Meanwhile, bitcoin lost just 3%. The relative outperformance perhaps stemmed from increased haven demand – investors moving money out of altcoins and into bitcoin, the world's largest and most liquid cryptocurrency.

 

"Bitcoin's relative dominance mooning amid altcoin market sell-off. Flight to majors (1st stage before crashes occur)," pseudonymous crypto trader and analyst @52kskew tweeted.” - Read More

​

Source:​ Coindesk

​

​

​

​

500K BTC SELLER IN ZURICH-14% Gross, -8% Net, Barclays or UBS Bank, Zurich

​

​

​

NEW: 500K BTC @ -14% Gross, -8% Net, Barclays or UBS Bank, Zurich - Look For Buyer

​

(Seller : SBO...TSS-GAIL)

Post: 12.6.23

​​​

• Seller is selling 500K BTC @ -14% gross, -8% net

​

• Buyer = 8%

• Buyerside = 3% 

• Sellerside = 3%​​ ​​

​​

• The procedure does not provide for F2F

• The entire exchange operation is taken over by the UBS bank or Barclays bank

• As soon as the funds are confirmed, the buyer receives bitcoins, only then the payment.

• 500K deal under FCA control

​​

• PROCEDURE :

​

1. The Buyer executes this Sale Purchase Agreement and return to the Seller with CIS, POF (proof of fund) and Letter of willing and able to purchase.

2. The Seller executes the Sale Purchase Agreement and send it back to buyer.

3. The Seller assures the wallets in total are holding more than EUR 500,000 worth of BTC to accommodate the transaction. In the event the seller changes to the new wallet to accommodate the transaction, they must assure the substitute wallet must hold the same or more than the previous wallet capacity.

4. The Seller sends an invoice in EUR to the buyer with payment instruction to a Barclays Bank PLC HOLD account.

5. The Buyer shall then send below agreed fund for each tranche to appointed payment instructions. (a) First tranche funds to purchase TBA BTC. (b) Second tranche funds to purchase 10,000 BTC

6. Payment instructions shall be to XXXXXX an FCA-regulated financial company with a Barclays banking license that will put the funds on an administrative hold until Buyer has received the BTC for each tranche.

7. The payment instructions will follow a reference code that the buyer must include in the wire to identify funds to be held at an administrative hold account.

8. Based on the received Payment Funds in clause (4). The Seller shall send BTC to the Buyer’s crypto wallet at buyer chosen wallet address.

9. Upon receipt of the BTC, Buyer will conduct its internal forensics to insure the BTC is valid and fully transferable without any limitations, responsible to verification and validation. The forensics conducted by Buyer should take under 30 minutes, depending on the size of the tranche. The buyer must inform the seller on the BTC received each tranche. All tranches will follow this procedure.

10. Pursuant to the terms of the Administrative Hold Agreement with, the received Payment Funds will be held by XXXXX and BARCLAYS BANK in trust as FCA regulated institutions, only to be released when the BTC passes the Buyer forensics by the buyer or by the Seller releasing the hash information per tranche to be tracked on www.blockchain.com. 

11. The Seller agrees to transfer the amount of BTC’s to the Buyer’s designated transaction wallet based on the swap/tranche schedule attached to this Agreement as Exhibit A, which may adjust depending on current market price. The "market price" of BTC shall be the determined using www.blockchain.com at the time of each transfer of BTC by the Buyer.

12. Seller must be prepared to do a minimum of 3 tranches per calendar day in accordance with the BTC purchase schedule, unless otherwise agreed.

13. The transaction continues until all BTC has been purchased or this Agreement is otherwise terminated.

14. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Electronic signatures shall be deemed to be original signatures

​

• BUYER MANDATE ONLY

​

Interested parties should contact :

​​

• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin)

• Telegram: +1 (786) 632 8577

• T.me/otc_bid

• OTCbid.com