
{"id":36633,"date":"2025-01-17T09:30:31","date_gmt":"2025-01-17T09:30:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36633"},"modified":"2025-01-17T09:30:31","modified_gmt":"2025-01-17T09:30:31","slug":"institutional-bitcoin-accumulation-surges-on-coinbase-as-btc-taps-10-day-high","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36633","title":{"rendered":"Institutional Bitcoin Accumulation Surges on Coinbase as BTC Taps 10-Day High"},"content":{"rendered":"<p>Bitcoin is seeing institutional accumulation amidst fresh gains of over 3% on Friday as its price tapped $102,000.<\/p>\n<p>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<h2>Bitcoin Inflows to Coinbase Prime<\/h2>\n<p>The <a href=\"https:\/\/x.com\/cryptoquant_com\/status\/1880080696242499613\" target=\"_blank\" rel=\"noopener\">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<p>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<p>According to Finery Markets\u2019 2024 <a href=\"https:\/\/finerymarkets.com\/blog\/crypto-otc-review-2024-results-2025-outlook\" target=\"_blank\" rel=\"noopener\">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<p>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<p>Meanwhile, CryptoQuant\u2019s alert threshold was exceeded soon after Bitcoin <a href=\"https:\/\/cryptopotato.com\/top-bitcoin-btc-predictions-as-the-price-briefly-crossed-100k\/\" target=\"_blank\" rel=\"noopener\">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<h2>Crypto as a National Priority?<\/h2>\n<p>After a modest correction, Bitcoin was back up and trading above $102,000 at the time of writing. This comes amidst <a href=\"https:\/\/cryptopotato.com\/trump-plans-to-designate-crypto-as-a-national-priority-report\/\" target=\"_blank\" rel=\"noopener\">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<p>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<p>The post <a href=\"https:\/\/cryptopotato.com\/institutional-bitcoin-accumulation-surges-on-coinbase-as-btc-taps-10-day-high\/\">Institutional Bitcoin Accumulation Surges on Coinbase as BTC Taps 10-Day High<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":36634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36633"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36633"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36634"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}