Some of the trades are real and so is the demand

in bitcoin •  6 years ago 

OTC market demand for bitcoin right now is unlike anything I’ve ever witnessed. Several asks for multi-billion dollar blocks...

When you say “asks”, it implies sellers. Are these buyers that are looking for BTC? Sorry for the clarification.
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I’ve seen one seller of the same size.. and buyers represented by investment banks
If only there were a way of trustlessly matching them

Have you seen them actually close though? I’ve been seeing huge bids like that for the past 2 months but it’s seemingly 95% BS..

99% bullshit. But yeah, some of the trades are real and so is the demand.

How long ago was this? Would you personally, unofficially, consider this a signal that the bottom may be near? Thanks for sharing.

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