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OTCbid - Massive Cryptocurrency Exchange Stopped Selling Bitcoin, Here's How It Affects Market

 

 

 

 

 

 

 

 

 

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" The Coinbase Premium Index is a tool for determining the difference between Bitcoin's price on Coinbase Pro and exchanges like Binance. The premium or discount on the index tells us if institutional investors are actively selling or buying the spot asset, which is a direct indicator of market sentiment.

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Previously, the CryptoQuant analyst noted that for the last 45 days, market makers at Coinbase were actively selling Bitcoin via trading bots since they have not had enough liquidity to satisfy the demands of their clients.

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The main reason behind the spike in the discount was tied to Bitcoin's massive plunge on the market, which resulted in a 40% devaluation of the digital gold.

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But according to the same index now, institutional traders are no longer selling their holdings actively but buying relatively large volumes of spot BTC, which pushed the index into the premium zone. It was the first time the indicator turned positive since April 2022 when the cryptocurrency market sell-off started." - Read Full Article

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Source: Utoday

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50K BTC BUYER IN EUROPE

-5% Gross, -2% Net, TTM, Switzerland, Europe

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Seller Mandate Only

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NEW: 50K BTC @ -5% Gross, -2% Net, TTM, Switzerland, Europe - Look For Seller

(Buyer : GSAM TSEE-GAIL)

Post: 3.7.22

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• Buyer is looking for 50K BTC @ -5% gross, -2% net. He prefers to do the deal in Switzerland

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• Buyer = 2%

• Buyer side = 1.5% 

• Seller side = 1.5% 

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• Tranches = 10,000 each

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• PROCEDURE:​​ 

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• Standard TTM Procedures

• Show POF, POF, then Transfer of Funds and Coins

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SELLER MANDATE ONLY

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Interested parties should contact :

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin)

• Telegram @OTCbiddotcom

• Telegram: +1 (786) 632 8577

• T.me/otc_bid

• OTCbid.com