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[Binance OTC Weekly]
OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/4137781771105
BTC price rallied during the Lunar New Year holidays, driven by the seasonal bullish sentiment and continuous inflows from the spot ETFs.
Genesis received court permission today to sell $1.3 billion in GBTC to compensate its creditors. The potential sale may put some pressure on the Bitcoin price. Our desk discusses in this week's post why we believe it may cause market pullbacks but not a large-scale correction.
Do get in touch with the trading team here for any RFQs, have a great week ahead!
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