Ah that old inferiority complex play.
Guess what? The whales are dumping cryptos on the exchanges to manipulate the prices to make people panic sell while they still buy cheaper coins on OTC. Well, that is a very smart game and yet very few people can understand this. Buying bitcoin from OTCs won't help bitcoin price recover fast, I think we're now in for a show.
people say that, but it's impossible to confirm. there's no OTC data to refer to---it's all just conspiracy theories about "whales". we've gotta take that with a grain of salt.
and logically, i'm not sure it actually makes sense. think about it: for this scheme to be worth it, these "whales" need to accumulate much more coins OTC than they are dumping on spot exchanges. that adds significant buying demand to the OTC market. where does all the additional
supply come from to meet that demand? because when OTC supply dries up, OTC demand spills over onto exchanges, driving spot prices higher.......
here's a simpler explanation: people are in denial about demand for BTC being weak and they're coming up with rationalizations for why the price is dropping.