Bitcoin's Resurgent Bullish Momentum and Shifting Market Dynamics

As April progresses, Bitcoin continues to demonstrate robust bullish momentum, having recently surged to approximately $73,300. This impressive 9% price increase over the past week signals strong investor confidence and active market participation.

Beneath this price action, fresh on-chain and market structure data are revealing a deeper transformation in liquidity dynamics. A notable development is the rise in Bitcoin's Over-The-Counter (OTC) dominance, which has reached 82%. This suggests an increasing volume of large-scale trades occurring outside traditional exchange order books. Furthermore, Coinbase, a prominent cryptocurrency exchange, has been identified as leading Centralized Exchange (CEX) flows, underscoring its significant role in the current market landscape and the evolving pathways of Bitcoin's distribution and trading.