According to @OnchainLens, whale address 0xd4d56a30a4a745f8ba732e8b453b7066260fbc10 received an additional 445,000 HYPE (about $14.48M) from Galaxy Digital OTC, bringing total HYPE received via OTC to 1.355M (about $39.72M), with 465,000 HYPE (about $13.5M) already sent for staking, and the latest tranche likely to be staked as well (source: @OnchainLens). These on-chain inflows and staking movements, as reported by @OnchainLens, signal concentrated accumulation and potential reduction in immediately tradable supply, a flow traders can monitor for liquidity shifts (source: @OnchainLens).

According to @OnchainLens, wallet 0xd4d received 465,000 HYPE worth about $10.32M from Galaxy Digital OTC roughly two hours ago, citing Nansen data. According to @OnchainLens, the same wallet previously received 56.12M ENA valued at about $24.76M from an Ethena Lab wallet around 2.5 months ago, which is now valued at about $9.32M, indicating a $15.44M loss, citing Nansen data. According to @OnchainLens, the tracked address is 0xd4d56a30a4a745f8ba732e8b453b7066260fbc10, citing Nansen data.

According to @EmberCN, a whale or institution sold 10,000 ETH at 3,321 USD ahead of the latest downturn and then bought 50,013 ETH over the last two days via Wintermute and FalconX OTC for about 148 million USD at an average price of 2,966 USD. According to @EmberCN, these swing trades have reportedly generated approximately 98.18 million USD in cumulative profit.

According to Lookonchain, OTC whale address 0xFB7 purchased another 20,013 ETH valued around 59.07 million dollars roughly six hours ago. According to Lookonchain, the same address also bought 10,000 ETH worth about 28.97 million dollars earlier while noting the broader market was falling. According to Lookonchain, these back-to-back buys constitute continued ETH whale accumulation via OTC, with the wallet details referenced through Arkham's address explorer.

According to @ai_9684xtpa, Arkham Intelligence data (intel.arkm.com/explorer/address/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3) shows wallet 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 accumulated 20,000 ETH via Wintermute and FalxonX during an ETH pullback at an average near $2,970, totaling roughly $59.4M; source: @ai_9684xtpa, Arkham Intelligence. According to @ai_9684xtpa citing the same Arkham page, the wallet had recently taken profit near $3,321, realizing about $1.51M before re-entering; source: @ai_9684xtpa, Arkham Intelligence. According to @ai_9684xtpa, these transfers indicate an actively executed swing strategy via market makers/OTC channels (Wintermute and FalxonX) visible on-chain; source: @ai_9684xtpa, Arkham Intelligence. According to Arkham Intelligence and @ai_9684xtpa, real-time tracking of 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 on Arkham Intelligence enables traders to monitor subsequent ETH inflows/outflows linked to liquidity positioning; source: Arkham Intelligence, @ai_9684xtpa.

According to @lookonchain, while the market is falling, whales and institutions are buying ETH. @lookonchain reports that Trend Research borrowed 70M USDT from Aave to purchase 24,555 ETH and now holds 651,310 ETH. @lookonchain also notes that OTC whale address 0xFB7 acquired 20,000 ETH through FalconX and Wintermute.

According to @secondswap_io, SecondSwap enables trustless, on-chain execution so OTC and traditional-style transactions can operate via logic and verifiable code, reducing reliance on intermediaries for execution. Source: SecondSwap on X, Nov 13, 2025, https://twitter.com/secondswap_io/status/1988938923045953689 For traders, every transaction is transparent on-chain, with security and automation embedded in settlement, allowing independent verification of execution from public data. Source: SecondSwap on X, Nov 13, 2025, https://twitter.com/secondswap_io/status/1988938923045953689

According to @CryptoMichNL, Bitcoin (BTC) is up about 2% since July 1, while MNFund_ posted a 12.29% return over its first two months of trading using an active hybrid mix of high-frequency trading, base assets, and OTC trading; source: @CryptoMichNL on X (Sep 27, 2025) and mnfund.nl. This equates to an approximate 10.29 percentage point outperformance versus BTC over the same period based on the reported figures; source: @CryptoMichNL on X (Sep 27, 2025). Traders may note the reported outperformance occurred alongside a strategy emphasizing HFT, base assets exposure, and OTC execution, aligning returns with active tactics rather than passive BTC exposure; source: strategy description by @CryptoMichNL on X (Sep 27, 2025). For more information, the author directs readers to mnfund.nl; source: @CryptoMichNL on X (Sep 27, 2025).

According to @ai_9684xtpa, Galaxy played a key role in facilitating the sale of 80,000 BTC by an early whale, marking one of the largest nominal Bitcoin transactions in history with a market value exceeding $9 billion. This transaction is expected to significantly boost Galaxy's Q3 financial results, indicating strong OTC desk performance and increased liquidity for high-volume traders. Additionally, since June 2025, Galaxy's OTC desk has completed several large-scale ETH transactions, serving as a primary off-market channel for major clients like MicroStrategy and SharpLink Gaming. These events highlight Galaxy's growing influence on institutional crypto trading and may impact Bitcoin and Ethereum price volatility and market depth. Source: @ai_9684xtpa

According to @ai_9684xtpa, Galaxy Digital, established in late 2017, operates as a leading crypto financial services and asset management firm with five main business lines: trading, investment, asset management, advisory, and mining. The company is recognized for its expertise in cryptocurrency on Wall Street, with its trading and investment divisions serving as the primary profit drivers. The trading business specializes in over-the-counter (OTC) spot crypto trading, a key service that positions Galaxy Digital as an essential player for institutional and large-scale investors in the BTC and ETH markets. This focus on trading and investment highlights the firm's central role in providing liquidity and deeper market access, which can influence price discovery and market stability for major cryptocurrencies, directly impacting trading opportunities and volatility. Source: @ai_9684xtpa

According to @glassnode, Bitcoin (BTC) successfully absorbed a $9.6 billion sell-off over the weekend as 80,000 BTC were transferred via OTC desks. Despite the large volume, the market impact was minimal, highlighting Bitcoin's deep liquidity and structural resilience. This event suggests that even significant off-exchange transactions are unlikely to trigger sharp price volatility for BTC in current market conditions, which is a key signal for institutional traders and high-volume investors. Source: @glassnode.

According to @EmberCN, a major institutional or OTC-related address transferred $145 million USDC to SharpLinkGaming and subsequently used $133 million USDC to acquire 41,000 ETH (worth $158 million) over the past 36 hours. The USDC was deposited into major exchanges including Binance, OKX, Kraken, Bybit, and Gate, then withdrawn as ETH, signaling large-scale accumulation likely by an institutional entity or ETH reserve company. This significant ETH purchase may impact both short-term liquidity and ETH price action as tracked across these exchanges (Source: @EmberCN).

According to @lookonchain, a newly created wallet, 0x3dF3, has been aggressively accumulating Ethereum (ETH) through over-the-counter (OTC) deals. The wallet recently acquired an additional 32,640 ETH valued at $122.18 million. This purchase brings the total accumulation over the past four days to 43,787 ETH, with a total value of $163 million, as cited by the source. For traders, this significant OTC purchase by a new whale is a potentially bullish indicator, suggesting strong buying pressure and conviction from a large entity without directly impacting market prices on exchanges.

According to @lookonchain, a newly created wallet, identified as 0x3dF3, has been on a significant buying spree, accumulating 43,787 ETH valued at approximately $163 million over the past four days. The most recent transaction involved an Over-The-Counter (OTC) purchase of 32,640 ETH for $122.18 million. This large-scale accumulation by a new whale wallet, particularly through OTC channels, can be a bullish indicator for traders, as it suggests strong buying interest from a major entity and removes significant supply from the open market, potentially reducing selling pressure on exchanges.

According to @ai_9684xtpa, a Bitcoin wallet dormant for 14 years has transferred a cumulative 40,010 BTC, valued at approximately $4.7 billion, to addresses associated with Galaxy. This major on-chain transaction has sparked speculation about an imminent over-the-counter (OTC) sale. The source highlights that the wallet holder subsequently moved 9,999 BTC to a new address, followed by a small 0.348 BTC test transaction. This specific pattern is reportedly identical to previous pre-OTC sale operations, suggesting a new round of selling could commence soon, potentially creating significant selling pressure on the Bitcoin (BTC) market.

According to @Pentosh1, the method for large-scale treasury acquisitions of Bitcoin (BTC) and Ethereum (ETH) has fundamentally shifted. Previously, corporations like MicroStrategy and Tesla would execute large, often telegraphed, Over-the-Counter (OTC) purchases, creating direct spot market demand. The new mechanism, driven by the launch of spot ETFs, involves traditional finance entities buying ETF shares like IBIT. These ETFs must then acquire the underlying BTC or ETH to back the shares, establishing what the source describes as a 'constant bid' and multiple new 'onramps' for capital. This changes the market dynamic from periodic, direct corporate buys to a more structured and continuous institutional inflow via regulated financial products.

According to ZachXBT, a prominent on-chain investigator, a 'Black U' Over-the-Counter (OTC) desk is allegedly linked to Chinese organized crime and responsible for laundering millions of dollars for the Lazarus Group. In a public accusation, ZachXBT claimed that after the associated trading account was frozen, the operator used a fabricated story on social media to manipulate the exchange into releasing the funds. This situation highlights significant security and counterparty risks for traders engaging in the OTC market, particularly concerning the circulation of illicitly sourced funds (known as 'Black U' or illicit USDT) and connections to sanctioned entities like the North Korean hacking syndicate.

According to @ai_9684xtpa, a Bitcoin (BTC) wallet that has been dormant for 14 years has transferred 9,000 BTC, valued at approximately $1.06 billion, to an address associated with Galaxy Digital. This significant on-chain movement is interpreted as a potential Over-The-Counter (OTC) sale, signaling major profit-taking from an early BTC adopter whose original cost basis was reportedly as low as $0.78 per coin. Such a large transaction could introduce selling pressure or impact market liquidity as these long-held coins re-enter circulation.

According to @lookonchain, the entity SharpLink (@SharpLinkGaming) has executed significant Ethereum (ETH) purchases totaling nearly $90 million. The accumulation began with a direct acquisition of 10,000 ETH, valued at $25.7 million, from the Ethereum Foundation. Following this, SharpLink purchased an additional 21,487 ETH, worth approximately $64.26 million, through Over-The-Counter (OTC) markets and Coinbase Prime within a four-hour period. This large-scale accumulation, particularly involving the Ethereum Foundation and institutional-grade platform Coinbase Prime, can be interpreted by traders as a strong bullish signal, indicating significant buying pressure and institutional confidence in ETH.

According to ZachXBT, the crypto crime supercycle has intensified, especially after politicians launched meme coins and several court cases related to crypto fraud were dropped, further enabling illegal activity in the industry (source: ZachXBT on Twitter, June 18, 2025). This surge in illicit activities, including increased laundering by organized groups and small OTC desks, poses heightened risks for BTC and ETH traders. Market participants should closely monitor on-chain activity and regulatory updates, as these developments may lead to increased volatility and impact liquidity across major crypto assets.