{"id":8197,"date":"2025-01-17T09:32:18","date_gmt":"2025-01-17T09:32:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8197"},"modified":"2025-01-17T09:32:18","modified_gmt":"2025-01-17T09:32:18","slug":"institutional-bitcoin-accumulation-surges-on-coinbase-as-btc-taps-10-day-high","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8197","title":{"rendered":"Institutional Bitcoin Accumulation Surges on Coinbase as BTC Taps 10-Day High"},"content":{"rendered":"
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Bitcoin is seeing institutional accumulation amidst fresh gains of over 3% on Friday as its price tapped $102,000.<\/p>\n

In fact, CryptoQuant has observed a significant Bitcoin inflow to Coinbase Prime, pointing to increased over-the-counter (OTC) trading activity. This trend suggests heightened interest from US institutions, which prefer OTC trades as a method for large-scale Bitcoin accumulation to minimize market disruption.<\/p>\n

Bitcoin Inflows to Coinbase Prime<\/h2>\n

The alert<\/a> threshold, set at an inflow value exceeding $8 billion, has been surpassed, with the current value standing at over $14 billion. This significant inflow evidences a strong institutional interest, with OTC trading playing a crucial role in facilitating these transactions.<\/p>\n

OTC trading involves direct, off-exchange transactions between buyers and sellers, typically facilitated by brokers or trading desks. This method allows institutions and high-net-worth individuals to execute large trades with minimal impact on the market.<\/p>\n

According to Finery Markets\u2019 2024 Review<\/a>, the cryptocurrency OTC market saw remarkable growth, with an annual rate of 106% last year. The report stated that 2024 was a transformative year for institutional and large-scale digital asset trading, spurred by macroeconomic trends and industry-specific factors.<\/p>\n

This includes the launch of Bitcoin and Ethereum spot exchange-traded funds (ETFs), the election of pro-crypto President Donald Trump, as well as the subsequent regulatory developments.<\/p>\n

Meanwhile, CryptoQuant\u2019s alert threshold was exceeded soon after Bitcoin touched<\/a> $100,000 on Thursday \u2013 for the first time in 2025. This has prompted market experts to believe that the crypto asset could climb to a new ATH by late January.<\/p>\n

Crypto as a National Priority?<\/h2>\n

After a modest correction, Bitcoin was back up and trading above $102,000 at the time of writing. This comes amidst reports<\/a> of President-elect Donald Trump planning to issue an executive order making cryptocurrency a national priority soon after his Jan. 20 inauguration. The order aims to guide government agencies in collaborating with the industry and establishing a \u201ccrypto advisory council\u201d to influence policy development.<\/p>\n

It may also direct agencies to review existing digital asset regulations and pause ongoing crypto-related lawsuits, including high-profile cases involving Binance and Ripple Labs. Additionally, Trump\u2019s administration is considering creating a national Bitcoin strategic reserve, potentially expanding to include U.S.-founded digital assets such as Solana, USD Coin, and Ripple\u2019s XRP.<\/p>\n

The post Institutional Bitcoin Accumulation Surges on Coinbase as BTC Taps 10-Day High<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is seeing institutional accumulation amidst fresh gains of over 3% on Friday as its price tapped $102,000. In fact, CryptoQuant has observed a significant Bitcoin inflow to Coinbase Prime, pointing to increased over-the-counter (OTC) trading activity. This trend suggests heightened interest from US institutions, which prefer OTC trades as a method for large-scale Bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8197","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8197"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8197\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}