CryptoQuant analysts have found a significant increase in over-the-counter (OTC) trading activity at Coinbase Prime, indicating an increase in the amount of institutional investors using the over the counter channel to accumulate bitcoin. "When there is a significant increase in inflows from Coinbase Prime Brokerage Service, the preferred bitcoin buying channel for U.S. institutions, it indicates that multiple over the counter (OTC) is currently taking place and institutions are more willing to conduct OTC transactions," explains CryptoQuant CEO Ki Young Ju.