On Fridays, Bitcoin is experiencing increased institutional investment as it reaches a new high of approximately 3% growth and touches $102,000 in value.
Indeed, CryptoQuant has noted a substantial increase in Bitcoin transfers to Coinbase Prime. This pattern implies a rise in over-the-counter (OTC) trading, indicating growing interest from American institutions. Since these institutions often prefer OTC deals for large-scale Bitcoin acquisition to avoid causing market turmoil, this trend suggests they are actively accumulating Bitcoin.
Bitcoin Inflows to Coinbase Prime
The limit for triggering an alert was set at any inflow exceeding 8 billion dollars, but we’ve now surpassed that amount as the current value is over 14 billion dollars. This substantial increase suggests robust institutional interest, and OTC trading appears to be playing a key part in handling these deals.
Over-the-counter (OTC) trading refers to deals made outside of traditional exchanges, often arranged through brokers or specialized trading platforms. These deals enable big investors like institutions and wealthy individuals to conduct significant transactions without causing much market disruption.
Based on Finery Markets’ 2024 Review, the OTC market for cryptocurrencies experienced significant expansion, registering an impressive annual growth rate of 106% in the previous year. This report indicates that the year 2024 was a period of profound change for institutional and large-scale digital asset trading. This transformation was driven by both broader economic conditions and factors unique to the industry.
This encompasses the debut of Bitcoin and Ethereum exchange-traded funds (ETFs) on the stock market, the election of a president who is supportive of cryptocurrencies like Donald Trump, along with the associated regulatory advancements that followed.
After Bitcoin reached $100,000 on Thursday for the first time in 2025, CryptoQuant’s alert threshold was surpassed. This event has led market analysts to speculate that the cryptocurrency may reach a new all-time high by late January.
Crypto as a National Priority?
Following a slight adjustment, Bitcoin had regained its footing and was trading above $102,000 at the point of writing. This announcement coincides with rumors that President-elect Donald Trump intends to sign an executive order, which will elevate cryptocurrency to a national focus shortly after his inauguration on January 20th. The order’s intention is to facilitate cooperation between government agencies and the industry, as well as the formation of a “cryptocurrency advisory council” to shape future policy decisions.
The proposal might lead regulatory bodies to reassess current rules governing digital assets and halt ongoing legal disputes related to cryptocurrencies, including high-profile cases involving Binance and Ripple Labs. Furthermore, the Trump administration is considering establishing a national Bitcoin strategic reserve, possibly encompassing U.S.-originated digital assets like Solana, USD Coin, and XRP from Ripple.
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2025-01-17 12:40