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.
Most pundits expect institutional investors to create the catalyst for the next cryptocurrency bull-run. But research shows institutional trading losing ground in volumes on traditional exchanges this year. However, OTC markets have seen an exponential increase in buyers leading to a dearth of sellers. Could this be where the institutional money is now heading?