CryptoQuant founder: Bitcoin currently sold by governments accounts for only 4% of the $224 billion bull market inflow
By:Cointime
Ki Young Ju, founder and CEO of CryptoQuant, posted on X platform, stating that the government's sale of Bitcoin is overestimated and the amount of Bitcoin sold by governments around the world is negligible compared to the overall inflow in the Bitcoin field. Since 2023, $224 billion has flowed into the market. The BTC seized by the government accounts for only 4% of the cumulative realized value since 2023, about $9 billion.
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