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CryptoQuant founder: Exchanges, miners and their affiliated addresses currently hold 3 million BTC

CryptoQuant founder: Exchanges, miners and their affiliated addresses currently hold 3 million BTC

CointimeCointime2024/03/04 07:02
By:Cointime

Ki Young Ju, founder and CEO of CryptoQuant, stated on social media that we may see a BTC liquidity crisis for sellers this year. Apart from GBTC, the new funds for spot ETFs have increased by 95% month-on-month. At this rate, the amount of Bitcoin held this year could exceed several million BTC. Currently, exchanges, miners, and their affiliated addresses hold 3 million BTC.

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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.

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