CryptoQuant CEO: Long-term Bitcoin holders sold $1.2 billion in the past two weeks
Ki Young Ju, CEO of CryptoQuant, stated that over the past two weeks, Bitcoin long-term holders have sold $1.2 billion, possibly through brokers. During the same period, ETF net flows were negative, with outflows of $460 million. If the liquidity of these $1.6 billion in sellers has not been purchased off-exchange, brokers may deposit BTC into exchanges, thereby affecting the market.
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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