CryptoQuant CEO: Long-term Bitcoin holders sold $1.2 billion of BTC in the past two weeks, and ETFs had a net outflow of $460 million
CryptoQuant CEO Ki Young Ju stated in a post on X that long-term Bitcoin holders sold $1.2 billion worth of BTC in the past two weeks, possibly through brokers; during the same period, ETFs had a net outflow of $460 million.If this $1.6 billion in selling pressure was not bought off-exchange, brokers may deposit Bitcoin into exchanges, affecting the market.
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.
You may also like
Bitcoin ETFs Record $92M Net Inflow as Major Players See Varied Movements
VeChain Gains U.S. Patent for Securing User Authentication in Blockchain
VanEck predicts Bitcoin growth under both Harris and Trump in 2024
Ethereum Foundation raises $10 million in ETH sales every 11 days