CryptoQuant Founder: The Bitcoin sold by the government only accounts for 4% of the $224 billion bull market fund inflow
Ki Young Ju, the founder and CEO of on-chain analysis platform CryptoQuant, posted on X platform stating that the government's sell-off of Bitcoin has been overestimated. Ki Young Ju believes that compared to the total inflow in the Bitcoin field, the amount of Bitcoin sold by governments around the world is negligible. Since 2023, $224 billion has flowed into this market. The BTC seized by governments only accounts for 4% of the cumulative value realized since 2023, about $9 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.
Trending news
MoreCrypto prices
More
