MicroStrategy recently added over 10,600 BTC, pushing holdings above 660,000 coins, while Bitcoin’s price stayed range-bound before a later breakout.

Industry participants explain that large institutional purchases frequently route through OTC desks rather than public spot books, reducing visible price impact due to off-exchange settlement.

The current market backdrop features a breakout driven by whale activity, short liquidations, and regulatory developments, suggesting visible moves often reflect late-stage order flow rather than the initiating buy.

Analysts note that 10,000 BTC represents about 0.05% of circulating supply and, when executed as negotiated block trades, can be nearly invisible in price impact.

OTC trades help buyers avoid price slippage and leave no immediate footprints on price candles or indices, enabling billion-dollar purchases to settle quietly across miners, early wallets, market makers, and distressed sellers.

A notable debate emerged after Andrew Tate questioned why MicroStrategy’s roughly 10,000 BTC purchase didn’t move Bitcoin’s price, prompting wider discussion in the crypto community.

Only when OTC inventory cannot meet demand do buyers step into public spot exchanges, highlighting Bitcoin’s liquidity depth at current supply levels.

Despite the size of MicroStrategy’s purchases, their direct impact on price is often limited and more about execution route and bullish signaling than immediate price shifts.