• Latest
  • All
  • Breaking
  • Announcements
  • Learn
  • Analysis
  • Current events
According to CryptoQuant, cryptocurrency OTC desks now possess more than $22 billion in Bitcoin.

Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant

August 22, 2024
Perplexity AI eyes $20B valuation in new funding round after Chrome bid

Perplexity AI eyes $20B valuation in new funding round after Chrome bid

August 15, 2025
FBI warns of ‘fictitious law firms‘ targeting crypto scam victims

FBI warns of ‘fictitious law firms‘ targeting crypto scam victims

August 15, 2025
Citigroup weighs crypto custody as ETFs, stablecoins gain momentum

Citigroup weighs crypto custody as ETFs, stablecoins gain momentum

August 15, 2025
Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

August 15, 2025
US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible

US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible

August 15, 2025
Investors target ‘fun-first’ crypto games as funding jumps 94% in July

Investors target ‘fun-first’ crypto games as funding jumps 94% in July

August 15, 2025
Crypto, fintech execs want Trump to ban bank fees for customer data

Crypto, fintech execs want Trump to ban bank fees for customer data

August 15, 2025
Bitcoin charts are similar to the 2021 top: Will history rhyme?

Bitcoin charts are similar to the 2021 top: Will history rhyme?

August 15, 2025
David Bailey’s Nakamoto closes KindlyMD merger for Bitcoin treasury

David Bailey’s Nakamoto closes KindlyMD merger for Bitcoin treasury

August 15, 2025
Coinbase says a ‘full-scale altcoin season’ may be just ahead

Coinbase says a ‘full-scale altcoin season’ may be just ahead

August 15, 2025
Spar rolls out nationwide stablecoin and crypto payments in Switzerland

Spar rolls out nationwide stablecoin and crypto payments in Switzerland

August 14, 2025
Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report

Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report

August 14, 2025
Friday, August 15, 2025
8V Crypto Academy
8V Academy - 8V.com - Your Cryptocurrency Gateway
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
        • Spot Trading
        • Futures Trading
        • Leverage Trading
      • Copy Trading
      • Earn
        • Fixed
        • Flexible
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends
No Result
View All Result
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
        • Spot Trading
        • Futures Trading
        • Leverage Trading
      • Copy Trading
      • Earn
        • Fixed
        • Flexible
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends
No Result
View All Result
8V Crypto Academy
No Result
View All Result

Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant

August 22, 2024
in Breaking, News
Reading Time: 2 mins read
A A

The number of BTC held in wallets tied to over-the-counter (OTC) desks has surged to 368,000 BTC, the highest since June 2022, according to CryptoQuant.

Miners often turn to OTC deals to sell bitcoin.

Crypto over-the-counter (OTC) desks, which act as an intermediary between two trading parties without revealing information about the trade to the public, now hold 368,000 bitcoin (BTC) worth over $22 billion, according to data tracking firm CryptoQuant.

The tally has increased by 153,000 BTC in three months, reaching the highest since June 2022.

Institutions and high-volume traders prefer to transact through OTC desks or outside exchange order books to avoid impacting the asset’s going market rate. Hence, the activity in OTC desks is said to reflect the behavior of sophisticated market participants, including miners or those responsible for making BTC.

“Miners often turn to OTC deals to sell bitcoin, seeking better execution without impacting the market price as they might on exchanges. The substantial rise in OTC desk balances suggests significant selling activity among miners,” CryptoQuant said in a blog post.

“Historically, increases in bitcoin OTC desk balances have been associated with declines in bitcoin prices,” CryptoQuant added.

Bitcoin was trading at $61,350 at press time.

Edited by Parikshit Mishra.

 

Previous Post

8V’s announcement on the handling of offline currency assets

Next Post

Former FTX Executive Ryan Salame Claims Government Backtracked on Plea Deal: Filing

Related Posts

Perplexity AI eyes $20B valuation in new funding round after Chrome bid
Breaking

Perplexity AI eyes $20B valuation in new funding round after Chrome bid

August 15, 2025
FBI warns of ‘fictitious law firms‘ targeting crypto scam victims
Breaking

FBI warns of ‘fictitious law firms‘ targeting crypto scam victims

August 15, 2025
Citigroup weighs crypto custody as ETFs, stablecoins gain momentum
Breaking

Citigroup weighs crypto custody as ETFs, stablecoins gain momentum

August 15, 2025
Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war
Breaking

Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

August 15, 2025
US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible
Breaking

US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible

August 15, 2025
Investors target ‘fun-first’ crypto games as funding jumps 94% in July
Breaking

Investors target ‘fun-first’ crypto games as funding jumps 94% in July

August 15, 2025
Next Post
Former FTX Executive Ryan Salame Claims Government Backtracked on Plea Deal: Filing

Former FTX Executive Ryan Salame Claims Government Backtracked on Plea Deal: Filing

Top 20 Coins
Click on coin symbol for more information.
SYMBOL
PRICE
1D%
1W%
TREND
BTC
$118,836.00
-2.20%
1.77%
59%
ETH
$4,629.08
-2.49%
18.51%
83%
XRP
$3.1105
-3.58%
-6.61%
52%
BNB
$845.35
-1.85%
7.49%
84%
SOL
$194.82
-4.85%
10.45%
69%
DOGE
$0.2314
-3.99%
3.35%
67%
ADA
$0.9482
-3.83%
18.42%
98%
TRX
$0.3585
-2.65%
6.05%
73%
HYPE
$48.3140
2.64%
18.13%
90%
LINK
$22.3236
-5.30%
15.28%
48%
SUI
$3.8345
-3.30%
0.43%
67%
XLM
$0.4284
-3.84%
-7.82%
53%
BCH
$595.33
-2.04%
2.41%
68%
HBAR
$0.2538
-4.74%
-4.03%
55%
AVAX
$24.8051
-1.17%
5.29%
76%
LTC
$120.95
-5.94%
-1.25%
44%
TONCOIN
$3.4659
-1.47%
2.81%
68%
LEO
$9.6452
4.17%
7.19%
99%
SHIB
$0.0000
-5.11%
0.06%
25%
UNI
$10.9954
-4.71%
3.27%
52%
to of
Page of
Powered By 8V.com

Academy Analysis Announcements Blog Breaking Closed events Compliance Current events Events GameFi Learn Miscellaneous News NFT Platform Tech

  • Top 10 Altcoins to Watch in Q4 2025 to Q4 2026
  • 2026 Crypto Trend Prediction: Uncovering Future Shifts in Crypto Sectors
  • Unveiling the Future: Can Ethereum’s Upgrade Solve Economic Scalability Challenges
  • Elon Musk and Crypto: A Comprehensive Analysis and Shift in Strategy
  • Surviving the Crypto Shakeout: A Deep Dive into 1,200 Seed-Funded Projects from the Last Two Years
  • Analyzing Uniswap & Unichain
  • Analyzing Bitcoin Mining Pools and the Impact of Bitcoin Halving
8v.com - download APP 8v.com - download APP 8v.com - download APP
  • About 8V
  • Download APP
  • Announcements
  • Breaking News
  • RSS Feeds
  • Service Agreement
  • Privacy Policy
  • Disclaimer

© 2025 8V.com - 8V Crypto Academy - Empower your crypto journey! 8V.com

No Result
View All Result
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
      • Copy Trading
      • Earn
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends

© 2025 8V.com - 8V Crypto Academy - Empower your crypto journey! 8V.com