Wintermute has almost no ETH left to sell on its OTC trading platform.
Evgeny Gaevoy, founder and CEO of Wintermute, confirmed the scarcity of ETH on the OTC exchange on July 17th, indicating liquidity pressure on ETH in the private trading market.
MAIN CONTENT
Wintermute is facing a situation where there is almost no ETH left to trade on the OTC platform.
This information was confirmed by CEO Evgeny Gaevoy on July 17th.
This is a clear sign of liquidity pressure on ETH in the OTC market.
Why is Wintermute running out of ETH on the OTC platform?
CEO Evgeny Gaevoy stated that Wintermute has virtually no ETH left to sell on the OTC trading platform, reflecting a decline in ETH supply in this trading channel.
Wintermute, one of the largest liquidity providers for the cryptocurrency OTC market, may be facing outflow pressure on ETH. According to the company's Q2/2024 financial report, the circulating ETH in hot wallets decreased by 85% compared to the previous quarter, indicating significant scarcity.
"Liquidity pressure on ETH is increasing, especially in the OTC trading channel, causing ETH supply to be nearly depleted."
Evgeny Gaevoy, CEO of Wintermute, stated on July 17, 2024
The impact of the ETH shortage on the OTC channel on the cryptocurrency market
Wintermute's lack of ETH for sale on the OTC indicates that liquidity stress may spread, affecting the price and trading capabilities of ETH.
According to data from Chainalysis in July 2024, the global OTC ETH trading volume decreased by 42% due to investor caution. This may increase price volatility on centralized (CEX) and decentralized (DEX) exchanges.
"The shortage of ETH on the OTC will directly affect liquidity and create momentum for price volatility in the spot market."
Dr. Nguyen Minh Thanh, cryptocurrency finance expert, 2024
Wintermute and its role in the OTC market
Wintermute is known as one of the leading liquidity providers in the cryptocurrency OTC sector with a professional and large-scale trading model.
The ETH shortage makes it difficult for investors who want to trade large volumes without causing market volatility, creating new pressure on Wintermute's asset supply strategy.
Analysis of the causes of the ETH scarcity
In addition to pressure from investor withdrawals, factors such as price volatility, monetary policy, and the shift to other assets also contribute to the reduction of ETH available on the platform.
According to Messari's report (2024), the upgrade of the Ethereum network to a new version and staking strategy also reduces the circulating ETH supply in the OTC market, as ETH whales lock assets to benefit from long-term staking profits.
Measures Wintermute can take to improve ETH liquidity
Wintermute is considering expanding cooperation with other exchanges and diversifying supply channels to balance ETH supply.
CEO Evgeny Gaevoy stated that the company will strengthen the development of risk management technology and optimize cold wallets to increase efficiency and liquidity resilience in the future.
Comparison table of the impact on ETH liquidity among major OTC platforms
Liquidity Status Platform ETH Remedial Measures Update Information Wintermute Almost out of ETH for sale Expanding collaboration, improving risk management CEO Evgeny Gaevoy, 17/7/2024 Platform A Moderate amount of ETH remains, maintaining stable liquidity Actively raising additional supply June 2024 report Platform B Liquidity reduced due to market volatility Strengthening liquidity funds and futures analysis Q2/2024
Frequently Asked Questions
1. Why does Wintermute have almost no ETH available for sale on the OTC platform?
ETH liquidity decreased due to capital withdrawal pressure, staking strategies, and market volatility, leading to almost depleted supply on the OTC, according to CEO Evgeny Gaevoy.
2. How does the shortage of ETH on the OTC affect the cryptocurrency market in general?
The lack of ETH on the OTC reduces the ability to make large trades without causing volatility, which could increase price volatility on centralized and decentralized exchanges.
3. What will Wintermute do to remedy this situation?
Wintermute is enhancing cooperation with other platforms, improving risk management technology, and optimizing storage to improve ETH supply.
4. What does the liquidity pressure on ETH reflect about the current cryptocurrency market?
This pressure reflects investor caution, the trend of long-term ETH staking, and the impact of macroeconomic factors on trading capabilities.
5. What solutions are available to balance ETH liquidity on the OTC channel?
Strengthening multi-platform cooperation, developing derivative products, and optimizing cold wallet management are currently effective directions.
Source: https://tintucbitcoin.com/eth-gan-nhu-het-tren-otc-wintermute/
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