Nostr Web Client

OTC desks are basically out of Bitcoin 👀

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How does this work.. they buy a ton of bitcoin hoping that someone will buy it from them later?

It's basically just a private order book afaik. So sellers and buyers go to the desk to buy/sell. I guess this means there are nearly no sellers

I guess I was assuming this was on-chain data, but yeah it could simply be offer volume… and up to them how exactly they back the offer

👀

🍿

Could I ask where you pull this data from? Glassnode?