CryptoQuant founder: The impact of government selling of Bitcoin on the market is overestimated
Odaily2024/07/06 10:15
By:Odaily
Odaily News Ki Young Ju, founder of CryptoQuant, said in an article on X that the impact of the governments selling of
Bitcoin on the
market has been overestimated. He said that since 2023, $224 billion has flowed into the market, and the government has seized about $9 billion in BTC, which only accounts for 4% of the cumulative realized value since 2023.
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Mitsubishi UFJ’s stablecoin is coming to Japan
Kriptoworld•2025/04/14 00:11
Ronin Bridge CCIP Migration Begins with Chainlink-Powered Security
CryptoNewsFlash•2025/04/13 22:00
Celo and Bando Makes Crypto Easy for Buying Gift Cards and Data
CryptoNewsFlash•2025/04/13 22:00
VeChain Partners with 4ocean to Advance Ocean and Land Sustainability with Blockchain
CryptoNewsFlash•2025/04/13 22:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$84,518.97
-1.26%
Ethereum
ETH
$1,614.87
-1.67%
Tether USDt
USDT
$0.9996
-0.00%
XRP
XRP
$2.14
-1.05%
BNB
BNB
$586.04
-1.69%
Solana
SOL
$130.49
-1.69%
USDC
USDC
$0.9998
+0.01%
Dogecoin
DOGE
$0.1647
-1.84%
TRON
TRX
$0.2551
+3.67%
Cardano
ADA
$0.6412
-2.60%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now