🔥 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.