Real whales trade $12 billion a day in BTC on the OTC market

According to TABB Group, an international research company, the over-the-counter (OTC) BTC market is significantly larger than the global Bitcoin market. OTS is a place of trade for real Whales.

The group has just completed its extensive analytical report and assures that the largest investors do not use crypto platforms for trading cryptocurrencies.

Such research confirmed the opinion of analysts about the over-the-counter billions in turnover. Large investors, institutional players and miners need trading that provides them with enough liquidity to process billions of dollars of trades in a short period of time. Therefore, they prefer the over-the-counter market with its ability to provide the required number of orders and anonymity of transactions. In addition, dumping large quantities of cryptocurrency on an open platform would inevitably lead to a market collapse, which is definitely not part of the plans of billionaire traders.

And although the largest crypto exchanges have reached a daily turnover of hundreds of millions of dollars, they cannot provide sufficient liquidity for billion-dollar transactions. The number of buy and sell orders worth several billion dollars is not yet available on open crypto platforms. 

Because of this, whales are forced to rely on the over-the-counter market to buy and sell large quantities of BTC and other crypto assets.

And, according to TABB Group, the OTC market is at least two to three times larger than the trading turnover of official crypto platforms. Currently, the daily trading volume on crypto exchanges is about $4 billion, according to TABB estimates, the over-the-counter market processes at least $12 billion in transactions per day.

The cryptocurrency market is still unpredictable and highly volatile. The price fluctuation range of the most popular crypto assets, BTC and ETH, is within 3-10% daily. In this state of affairs, it is difficult for analysts and investors to determine the reason for price fluctuations in BTC and other crypto assets or predict market trends. If the report by TABB Group is correct, then the BTC exchange market accounts for only 25 percent of the real volume of the dominant cryptocurrency, which makes it even more difficult to analyze the real situation on the crypto market. 

So, most experts associated the recent peak of Bitcoin from $8,300 to $7,800 with the repeated refusal of the SEC to the Winklevoss twins to launch a Bitcoin ETF..  But there is no evidence that at the same time there was not a large transaction for the sale of BTC on the over-the-counter market, which could well have caused such a drop in the price of Bitcoin.