Core Insights - The most intense activity in Galaxy OTC occurred in July and August 2025, with trading volume exceeding $13 billion, indicating potential large-scale capital inflow [1] - Historically, record OTC trading volumes often precede price increases, while a sharp decline in trading volume may signal the end of the institutional accumulation phase and the onset of market uncertainty, as observed at the end of 2025 and early 2026 [1] - Galaxy OTC's trading volume is primarily concentrated in stablecoins, accounting for 50%-60% of the total volume, suggesting structural capital flows rather than speculative behavior [1] - OTC trading typically leads public market trends by approximately 2-4 weeks [1]