Home
News
Details

Strategy's $1 Billion Bitcoin Buy Fails to Trigger Price Rally Due to OTC Mechanics

iconNewsBTC
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$92,393.002.59%
Bitcoin price today remained flat despite Strategy’s $1 billion BTC buy. The firm acquired over 10,000 BTC through OTC desks, which source from large holders and execute trades quietly over days. Analyst Quinten Francois noted that OTC trades avoid public exchanges to prevent volatility. These transactions are designed to mask institutional demand, leaving no visible impact on price charts. Traders are now shifting focus to altcoins to watch for potential momentum.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.