CryptoQuant CEO Ki Young Ju wrote that long-term bitcoin holders sold $1.20 billion in the past two weeks, possibly through brokers. During the same period, ETF net flow was negative, with outflows of $460 million.
If this 1.60 billion dollars of seller liquidity is not purchased over the counter, brokers may deposit BTC on the exchange, thus affecting the market.
CryptoQuant CEO: Long-Term Bitcoin Holders Sold $1.20 billion in the Past Two Weeks
2024-06-19 02:23:22
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