A newindustry survey has revealed significant disparities in crypto over-the-counter(OTC) trading volume estimates. Some liquidity providers suggest daily figuresexceeding $100 billion, while the average estimate stands at approximately $39billion.Crypto OTC Market Averaging$39B Daily, Survey FindsThefindings come from an in-depth survey conducted by Finery Markets, whichtargeted key industry stakeholders, including liquidity providers, marketmakers, and prime brokers, to assess the institutional crypto trading landscapefor 2025."Thecrypto market is already characterized by extreme fragmentation, with over 700trading venues globally, as reported by CoinMarketCap. This proliferation oftrading venues has several challenges, such as connectivity issues, wherebuyers and sellers often transact on different platforms, hindering efficientmatching," noted the report, explaining why estimates varied by more thantenfold among respondents.Despite themeasurement challenges, the sector appears poised for continued growth. 18% ofrespondents project year-over-year growth exceeding 100% in 2025, while 45.6%expect more moderate growth between 10% and 60%. The 2024 results are certainly fueling positive forecasts, as OTC trading volume has increased by over 100% in recent months, while transactions involving stablecoins have surged by nearly 150%. The newest surveyalso revealed that 50% of industry experts reported OTC cryptocurrency tradingvolumes experienced year-over-year growth exceeding 100% in 2024.“The institutional surge came as no surprise to us, as we designed our trading infrastructure from the start to meet the needs of institutional players, anticipating wider adoption,” Konstantin Shulga, Finery Markets CEO and Co-Founder, commented for Finance Magnates.AI IntegrationAccelerating Across Trading OperationsOver 70% offirms surveyed have already adopted AI-powered technologies in theiroperations, with 54.6% planning to increase their AI spending by 5-30% in 2025.Notably,70% of respondents identified back-office functions such as settlements,reporting, and repetitive tasks as AI's most promising use cases, while 30%highlighted front-office applications, including market data analysis andcross-asset trading.“AI hasenabled more sophisticated cross asset trading strategies in the crypto space,”Finery Markets explained. “Execution-focused AI-driven systems can executecomplex arbitrage strategies across multiple exchanges and asset classes withminimal latency, including market-making strategies to provide liquidity acrossvarious crypto assets and exchanges.”Institutional AdoptionGaining MomentumThe surveyindicates that institutional involvement in cryptocurrency has moved beyondexploratory interest, with 42% of institutional players now incorporatingdigital assets into their daily operations. Respondentsidentified the Trump administration's expected pro-crypto stance and potentialregulatory clarity in the U.S. as the most significant factors likely to drivefurther institutional adoption.“CryptoETFs and US Elections have been identified as the two most influential factorsdriving institutional crypto adoption, with 70% of participants selecting each.Interestingly, topics such as SEC charges against market makers, tokenizedmoney market funds, and Bitcoin halving were not chosen as influential events,”the report added.Geographically,Europe leads demand for institutional crypto spot OTC trading at 38.5%,followed by North America, Asia, and the Middle East, each at 15.4%.4/ 🌍 Regulation & Market Structure - Leading jurisdictions like Singapore, Switzerland, and the UAE are paving the way with crypto-friendly regulations. Institutions are adapting to navigate compliance and operational risks. Find out how.— Finery Markets (@finerymarkets) February 25, 2025In a signof the industry's increasing embrace of regulation, 92% of institutions plan tosecure additional crypto licenses in 2025. Survey participants identifiedSingapore, Switzerland, and the United Arab Emirates as the mostcrypto-friendly jurisdictions for institutional trading operations.Hedging Strategies andMarket InfrastructureOptions andfutures continue to dominate hedging strategies in the OTC crypto market, with66.7% of respondents favoring option-based approaches. However, 36.8%identified low liquidity as a significant barrier to broader institutionaladoption of crypto derivatives.The surveyalso revealed emerging interest in innovative derivative products, includinginstruments that would allow miners and stakers to sell their rewards atvolume-weighted average prices (VWAP) with settlement occurring after theactual rewards are received.As themarket continues to evolve, respondents highlighted several key trends shapingthe future of OTC crypto trading, including the increasing importance ofCentral Clearing Houses (CCHS) in mitigating counterparty risks and thepotential integration of decentralized solutions into OTC trading as regulatoryclarity improves.WillBitcoin Go Up Due to Higher Institutional Adoption?Institutionaladoption has undoubtedly driven Bitcoin's price surge in 2024, with thecryptocurrency gaining 120% over the year. But what lies ahead in 2025? As ofWednesday, February 26, 2025, Bitcoin is experiencing its third consecutive dayof losses, testing the $85,400 level—the lowest in three months and coincidingwith the 200-day EMA, a key indicator that has separated the bull and bearmarkets for the past six months.Accordingto my technical analysis, the $85,000 zone, along with the mentioned movingaverage, could serve as a critical rebound level for BTC, a view also shared byMarkus Thielen from 10x Research.Bitcoin’s Next Big Buy Zone Revealed!Bitcoin, MicroStrategy, on-chain data, liquidations, technicals, and more...👇1-11) Yesterday, Bitcoin dropped sharply, breaking below the critical $95,000 support level. We had previously warned about this key threshold in our December… pic.twitter.com/i6VNEyIKW5— 10x Research (@10x_Research) February 25, 2025Currently,BTC is forming a bullish pin bar, a potential buy signal. A breakout above the$90,000–$92,000 resistance zone would confirm that bulls were waiting toaccumulate. However, if the $85,000 level and the 200 EMA fail to hold, itcould indicate that bears are aiming for further distribution, potentiallydriving the price toward $70,000.WillBitcoin go up? It all depends on how the price reacts at this key supportlevel.This article was written by Damian Chmiel at www.financemagnates.com.