Cumberland’s OTC desk reports mini-surge of large BTC orders in a single hour late Monday night78

Cumberland, the cryptocurrency OTC shop run by Chicago-based DRW, says its desk saw more than 10 separate bids of more than 1,000 BTC orders within an hour late Monday evening. The OTC shop released post-trade analysis of that night's bitcoin rally — which saw a 20% surge in one hour — stating the volumes, "appear to be actual buyers vs. forced liquidations," in a desk update tweet.

In a separate tweet yesterday, Cumberland noted that for the first time in eight weeks the price of bitcoin had risen by more than 10%, adding "we are watching for $5,000 (the next even number) and $5,500-$5,800," The latter range representing previous resistance points which were tested during BTC's run-up (and down) to $20,000.

Original source
https://www.theblockcrypto.com/tiny/cumberlands-otc-desk-reports-mini-surge-of-large-btc-orders-in-a-single-hour-late-monday-night/

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