Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November.
Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965.
According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in the fourth quarter.
OTC Markets is…