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CryptoQuant CEO: US government selling $6.50 billion bitcoin could be absorbed by the market within a week

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2025-01-09 04:43:07
Regarding the Department of Justice's approval to sell the seized $6.50 billion Darknet Silk Road bitcoin, CryptoQuant CEO Ki Young Ju wrote in X: Last year, based on realized market capitalization, 379 billion dollars entered the market, about 1 billion dollars per day. The US government sold $6.50 billion (bitcoin) could be absorbed within a week. Don't panic.
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