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BTC Blocks Surge 53 % as OTC Desks Bid $109 k — ETH Funding Hits 3-Week High
🔥 Why–What–Impact
The 27 Jun – 3 Jul trading week saw OTC desks hoover up large clips while majors ground higher: BTC blocks > 100 BTC rose 53 % to 109 trades, ETH reclaimed $2 600 on six-second-slot hype, and SOL blocks spiked after its ETF clock started. Spreads tightened even as prices rallied—a healthy sign for block liquidity.
📊 Key Flow Highlights
BTC: Spot closed $109 445 (+4.3 % WoW); OTC spreads compressed to 12 bp (Finery Markets).ETH: Dev-net optimism drove multi-million-USDT blocks 20-40 bp inside Binance offers; funding up to +0.019 %.Stable-coins: GENIUS Act buzz pushed USDC cap to a 15-month high; EMEA corporates recycled dollars into USDT payroll rails.SOL: Franklin ETF comment window tripled SOL-USDT RFQs; dealers moved 25–50 k lots at $147.
🛠️ Desk Commentary
Cumberland: “Consistent topside interest above $108 k BTC; APAC hedge funds most active since April.”Genesis: “Majors see steady accumulation while alt vol bleeds—trade gamma on BTC/ETH, RFQ alts.”BitGo: Vault-to-OTC settlement inquiries climbing ahead of its rumoured Q4 IPO.
🔍 Technical Levels Dealers Quote
BTC: Support $106 k; resistance $111 k (May high).ETH: Support $2 540; breakout $2 700—call skew +5 % (Deribit).SOL: Range $140–$152; risk books light after ETF-clock pop.
🌍 Macro Overlay
DXY eased on weak jobless claims; Fed-funds now price 63 % shot at a Sep cut. Iran de-escalation cooled energy hedges, giving crypto a tail-wind.
🔭 Looking Ahead (not financial advice)
U.S. holiday lull may thin screens—OTC spreads < 10 bp on BTC blocks would confirm residual bid.Watch Monday funding reset; positive basis into low liquidity often invites follow-through buys.Cheap 7-day BTC vol (42 vol) could attract CPI-hedge option flows before the 10 Jul print.
Liquidity deepened even as majors climbed—desks remain net bidders of BTC & ETH but counsel patience on ETF-chasing alts until books fatten.
👉 Tap $BTC or $ETH if tight spreads and Fed-cut odds scream continuation.
💬 Consolidation or another leg up? Drop your desk view below & Follow for more block-flow intel!
#OTCDesk #Bitcoin #Ethereum #CryptoLiquidity #WriteToEarn
Disclaimer: Includes third-party opinions. No financial advice.
The 27 Jun – 3 Jul trading week saw OTC desks hoover up large clips while majors ground higher: BTC blocks > 100 BTC rose 53 % to 109 trades, ETH reclaimed $2 600 on six-second-slot hype, and SOL blocks spiked after its ETF clock started. Spreads tightened even as prices rallied—a healthy sign for block liquidity.
📊 Key Flow Highlights
BTC: Spot closed $109 445 (+4.3 % WoW); OTC spreads compressed to 12 bp (Finery Markets).ETH: Dev-net optimism drove multi-million-USDT blocks 20-40 bp inside Binance offers; funding up to +0.019 %.Stable-coins: GENIUS Act buzz pushed USDC cap to a 15-month high; EMEA corporates recycled dollars into USDT payroll rails.SOL: Franklin ETF comment window tripled SOL-USDT RFQs; dealers moved 25–50 k lots at $147.
🛠️ Desk Commentary
Cumberland: “Consistent topside interest above $108 k BTC; APAC hedge funds most active since April.”Genesis: “Majors see steady accumulation while alt vol bleeds—trade gamma on BTC/ETH, RFQ alts.”BitGo: Vault-to-OTC settlement inquiries climbing ahead of its rumoured Q4 IPO.
🔍 Technical Levels Dealers Quote
BTC: Support $106 k; resistance $111 k (May high).ETH: Support $2 540; breakout $2 700—call skew +5 % (Deribit).SOL: Range $140–$152; risk books light after ETF-clock pop.
🌍 Macro Overlay
DXY eased on weak jobless claims; Fed-funds now price 63 % shot at a Sep cut. Iran de-escalation cooled energy hedges, giving crypto a tail-wind.
🔭 Looking Ahead (not financial advice)
U.S. holiday lull may thin screens—OTC spreads < 10 bp on BTC blocks would confirm residual bid.Watch Monday funding reset; positive basis into low liquidity often invites follow-through buys.Cheap 7-day BTC vol (42 vol) could attract CPI-hedge option flows before the 10 Jul print.
Liquidity deepened even as majors climbed—desks remain net bidders of BTC & ETH but counsel patience on ETF-chasing alts until books fatten.
👉 Tap $BTC or $ETH if tight spreads and Fed-cut odds scream continuation.
💬 Consolidation or another leg up? Drop your desk view below & Follow for more block-flow intel!
#OTCDesk #Bitcoin #Ethereum #CryptoLiquidity #WriteToEarn
Disclaimer: Includes third-party opinions. No financial advice.
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