The number of $BTC owned by wallets of OTC desks has risen since Jan. 11. It's a sign that institutional investors such as hedge funds that typically use the desks for large transactions are buying bitcoin.
Tuesday. Token burn refers to the process of permanent deletion of coins from their circulating supply. More than 100 million BNB, or half of its total supply, are intended to be removed from circulation through a burning process and to eventually keep only 100 million BNB in circulation. BNB was up nominally in the past 24 hours, trading at $300 on Tuesday morning.The chart shows the number of bitcoin held in addresses owned by over-the-counter desks.
Private wealth managers, high-net-worth individuals or hedge funds wishing to convert large amounts of cash into crypto assets seamlessly typically use OTC desks.
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