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May 20
2020
Post-Halving: What are Users Buying and Selling on the Binance OTC Trading Portal?

Over a month has passed since Binance released the OTC Trading Portal. During this time, we’ve seen the Bitcoin halving event come and go, and we thought it would be interesting to share what users were buying/selling on the portal post-Bitcoin halving. 

Unsurprisingly, Bitcoin OTC took up the majority of trade flows on the portal. BTC has been quite volatile pre- and post-halving, as it reached $10,000 a few days before the Halving, before dropping to $8,500 right up to the halving. Since then, BTC has rebounded and is now above $9,500 levels. Traders on the portal seem to be following the trend, as 54% of the total BTC volumes were buy flows. Given the sharp rally post-halving, one might expect this percentage to be higher, but it seems that traders are still wary of a potential post-halving dump. 

Ethereum was second in terms of total trade volume. ETH also saw a rally since the halving along with positive news about ETH 2.0 circulating, going from $185 to highs of $210. However, buy/sell volumes indicate that users are fading the rally, as ETH saw a 0.42 flow ratio (42% of flows were buy transactions, while 58% were sell transactions). While this indicates that more users are selling ETH rather than buying, there were actually more users buying vs selling when looking at just the total number of ETH trades by different users, so the flow ratio may be a case of a few large whales selling. 

BNB ranked third in trade volume and saw a strong rally like Ethereum during this time frame, increasing in price from lows of $14.50 to $16.50. The flow ratio for BNB was more tempered and came in at 0.48.

If you’re looking to quickly put on or exit a position to take advantage of any market opportunities during this time period, feel free to use our Bitcoin OTC / Crypto OTC Trading Portal to check crypto pricing and confirm trades to limit slippage, and receive a quick (usually instant) settlement

The minimum trade amount is 10,000 USDT equivalent, so you don’t need to be a whale! More information about the Binance OTC Trading Portal:

How to use the Binance OTC Trading Portal - FAQ

How to trade Bitcoin & Crypto OTC - Video Guide

If you wish to trade coins that are not on the portal or if your trade is over the maximum limit, please send your trade request to tradedesk1@binance.com or reach out to one of our authorized traders on our Binance OTC Trading Telegram channel.