CryptoQuant CEO: Long-term Bitcoin holders sold $1.2 billion of BTC in the past two weeks, and ETFs had a net outflow of $460 million
CryptoQuant CEO Ki Young Ju stated in a post on X that long-term Bitcoin holders sold $1.2 billion worth of BTC in the past two weeks, possibly through brokers; during the same period, ETFs had a net outflow of $460 million.If this $1.6 billion in selling pressure was not bought off-exchange, brokers may deposit Bitcoin into exchanges, affecting the market.
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