According to Crypto Rover, Bybit has purchased $48 million worth of Ethereum through over-the-counter (OTC) deals. This acquisition signals potential bullish momentum for the altcoin market. Analysts often view large-scale purchases by exchanges as a precursor to increased market activity and investor interest in altcoins. Such movements can indicate favorable conditions for altcoin trading, potentially leading to a robust altcoin season. Bybit's significant investment underscores a strategic positioning in the cryptocurrency market, possibly anticipating a rise in Ethereum's value and broader altcoin market activity. [Source: Crypto Rover]

According to Pentoshi, royal families employ discreet and strategic methods to purchase Bitcoin, often involving private transactions and over-the-counter (OTC) deals to minimize market impact and maintain confidentiality.

According to Cas Abbé, a large entity has accumulated 30,000 BTC through OTC deals, valued at $2.94 billion. This accumulation suggests a potential supply shock in the market as these transactions avoided immediate price impact.

According to ZachXBT, it is challenging to quantify the impact of many cryptocurrency deals because they often occur privately, involving free supply or predatory over-the-counter (OTC) transactions. This lack of transparency in how deals are structured and executed makes it difficult for traders to assess the true market dynamics.

According to ZachXBT, the number of scammers is increasing because people are sending money for fake OTC deals and copy trading. ZachXBT has previously warned about these scams but notes that many people still fall victim due to a lack of common sense.

According to ZachXBT, a scam involving fake OTC deals and paid groups has been exposed. The scammer, identified through a recorded call, attempts to deceive individuals by offering fake OTC deals. Additionally, the scammer takes money from people for access to a 'paid group' and then blocks them after receiving the funds.