Wintermute: Institutional Demand for Bitcoin Growing in OTC Market

Crypto market maker and OTC desk Wintermute reported that digital assets have underperformed the broader risk-asset rally over the past two weeks. During this period, roughly $2 billion has been pulled from Bitcoin and Ethereum ETFs, while investors redirected capital toward AI-related equities and small-cap stocks.

However, the firm added that longer-term investors are steadily building Bitcoin positions through OTC desks, viewing current levels as attractive over an 18-month horizon. It also identified a key support zone for Bitcoin between $60,000 and $65,000.

Source: Wintermute