Brothers, this data is crucial — the latest report from Binance shows that the OTC trading volume in the first two months has reached 25% of the total volume for the year 2025!
Let me break down the weight of this number for you:
First, what does 25% mean?
The total OTC trading volume for 2025 has already achieved a quarter in just two months this year. At this pace, the total OTC volume in 2026 could double or even more. This is not a volume that retail investors can support; it is institutional money entering the market.
Second, why go OTC?
Institutions and large investors buying coins will not place orders on exchanges to consume liquidity, as that would drive prices up. OTC (over-the-counter trading) is a channel specifically designed for large funds — it does not directly impact market prices, has sufficient liquidity depth, and high execution efficiency.
The report mentions that "the dependence of large funds on OTC liquidity and execution services continues to increase", which translates into plain language as: smart money is quietly building positions, not wanting retail investors to know.
Third, can this align with ETF data?
Absolutely. In the past 30 days, there has been a net inflow of 63,000 BTC into ETFs, approximately $11.3 billion. Along with the incremental OTC volume, institutional funds are flowing into the market through multiple channels and dimensions. However, these buying pressures are not directly reflected in the exchange's candlestick charts, so many people do not feel it.
The implications for us:
· Don't be fooled by candlestick charts. If you feel the market is quiet, it’s because hot money hasn’t gone through the exchange channel. Institutions are quietly accumulating.
· Hold your spot positions steady. With this level of capital inflow, once the macro environment warms up, the explosive power will be very strong.
· Follow smart money. OTC and ETF data are lagging indicators, but once a trend is formed, it will not easily reverse.
In terms of operation, continue to accumulate spot near 68,000 in batches. Institutions are buying, so we shouldn't be timid either.
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