Please stop spreading misinformation about OTC desks “running out” of #bitcoin . It’s not happening, and doesn’t make sense as desks can easily source from the large number of counterparties they’re connected to (including multiple exchanges).

For the love of god, please no S2F price predictions this cycle 😫. S2F is statistically and logically invalid. #Bitcoin price increases if demand increases, and demand is influenced by countless factors.

Many people have a misunderstanding of #Bitcoin  Over-The-Counter (OTC) trading. OTC trades do very much impact price. OTC “desks” work to source liquidity for large buys / sells (often via connection to multiple exchange counterparties). Their goal is to get buyers / sellers better execution than just slamming a large order on a single exchange which can price cause slippage. This is often done automatically via Request-For-Quote (RFQ) systems. All trades impact spot price, even if they’re done OTC. E.g., many people take the other side of a large sell trade and would have bought from other sellers. A large marginal seller pushes down price. Granted if someone market bought / sold hundreds of millions on a single exchange, there would likely be ripple effects due to price slippage, but doing OTC would still 100% impact the price. To learn more: https://www.gsr.io/trading/otc-trading/ https://www.kraken.com/institutions/otc

Exactly 1 month from today, #Bitcoin  ceases to exist. Enjoy it while it lasts!