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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.
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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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