‌#BTCBottomAt66000

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

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

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

▪️ This demand shift comes as exchange-traded fund flows dominate the major headlines. But OTC buying tells a different story: institutions view the current weakness as an opportunity to enter, not a signal to exit. Steady accumulation in the form of blocks often reduces liquid supply before it shows up in immediate spot price action.

▪️ Raoul Pal reinforces the view, describing Bitcoin as priced below its value and still in a long-term price discovery phase. The founder of Real Vision points to accelerating institutional flows and clearer regulatory frameworks as catalysts that could unlock sustainable growth.

▪️ Corporate treasuries continue to absorb supply. Strive has just added 2,500 Bitcoin for $185 million, and corporate purchases continue to outpace new mining supply by nearly three times. The circulating supply remains tight even when the major headlines look noisy.

When patient capital steps in quietly, the most prominent signals often miss the real story. Are you watching OTC flows more closely than the headlines?

#Bitcoin #InstitutionalAdoption
⚠️ Not financial advice.