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
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Trending news
MoreCrypto prices
More
