OTC desks report renewed interest in bitcoin and ether, less interest in DeFi tokens

Quick Take

  • Plain old BTC and ETH have been the darlings of crypto OTC markets lately, insiders say
  • The bullish sentiment over the course of the last 5 days has been tied to Square’s purchase of BTC on its balance sheet
  • Meanwhile, attention is being drawn away from DeFi
According to market insiders, OTC traders have lately been more bullish on bitcoin and ether and attention has shifted away from DeFi tokens.

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