Smart money never screams. Wintermute has just confirmed that long-term funds are quietly building Bitcoin positions through OTC desks, with a clear 18-month outlook.

▪️ The largest crypto market maker reports that patient funds are accumulating BTC in scheduled tranches around current levels. This quiet method allows institutions to build size without moving the public order book or revealing their intentions.

▪️ Wintermute’s OTC desk, one of the most active in the industry, sees the $60,000–$65,000 range as a strategic support zone. The desk notes that this area aligns with on-chain costs and historical accumulation ranges, serving as a natural floor for long-term allocators.

▪️ This shift in demand comes as ETF outflows dominate the headlines. But OTC buying tells a different story: institutions see current weakness as an entry opportunity, not a signal to exit. Steady block-by-block accumulation often reduces liquid supply before it shows up in spot price action.

▪️ Raoul Pal reinforces this view, calling Bitcoin undervalued and still in a long-term price discovery phase. The founder of Real Vision points to increasing institutional inflows and clearer regulatory frameworks as catalysts that could unlock sustainable growth.

▪️ Corporate supply continues to absorb the supply. Strive has just added 2,500 Bitcoin worth $185 million, and corporate purchases have nearly tripled new mining supply. Tradable supply remains tight even as headlines sound noisy.

When patient capital quietly enters, the loudest signals often miss the real story. Are you monitoring OTC flows more closely than the headlines?#ShareYourUSStocksWinNvidia #GatePartnersWithAlpacaToBridgeCryptoAndStocks