Bybit Acquires Massive Ethereum via OTC Trade: Implications for Market Sentiment

Crypto exchange Bybit has made headlines once again with a significant Ethereum (ETH) acquisition, signaling its bullish stance on the cryptocurrency and raising questions about market dynamics. This substantial purchase, valued at around $87.5 million, was executed through an over-the-counter (OTC) trade and follows a string of similar large ETH purchases by Bybit in recent days.