CryptoQuant founder: Government-sold BTC accounts for only 4% of the 224 billion USD Bull Market inflow

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PANews reported on July 6th that according to Cointelegraph, Ki Young Ju, the founder and CEO of on-chain analysis platform CryptoQuant, posted on the X platform, stating that the government’s sale of BTC is overestimated. Ki Young Ju believes that the amount of BTC sold by governments around the world is minimal compared to the overall inflow in the BTC field. Since 2023, $224 billion has flowed into this market. The BTC seized by the government accounts for only 4% of the cumulative realized value since 2023, about $9 billion.

BTC2.57%
X9.5%
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TraderMrCaivip
· 2024-07-06 08:29
The BTCMarket Cap is completely underestimated, and the future market capitalization is expected to be bullish! [鲜花]
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LittleStarLittleWishvip
· 2024-07-06 08:28
BTC government sell-off is overrated. According to Ki Young Ju, founder of CryptoQuant, the amount of BTC sold by governments around the world accounts for only a tiny fraction of the total inflow into the BTC field. Seized BTC by the government accounts for only 4% of the cumulative realized value since 2023.
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