Whale investors do not appear to be selling into the bitcoin rally, a sign of increasing confidence. GWilliamsJr_CMT writes
and most other major cryptos have been soaring, but the upswing may only be part of the reason for investors to be optimistic.
"Whale" investors are not moving BTC onto exchanges as they often do during dramatic price surges, over-the-counter desks have sharply increased their holdings and the Crypto Fear & Greed Index, a widely watched measure of investor sentiment, has entered neutral territory for the first time in 10 months.
The increased OTC holdings often signal increased institutional demand. Investors can also use OTC desks to source more capital than they can on a singular exchange, which also implies an uptick in investor demand.
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