CryptoQuant CEO Whales Sold Over 12 Billion Worth of BTC in the Past Two Weeks

In a recent post on the X platform, CryptoQuant CEO Ki Young Ju revealed that over the past two weeks, long-term Bitcoin holders, known as “whales,” have sold $1.2 billion worth of Bitcoin through brokers. At the same time, Bitcoin ETFs have experienced a net outflow of $460 million during the same period. If this approximately $1.6 billion in selling pressure is not absorbed by the over-the-counter (OTC) market, brokers may deposit the Bitcoin into exchanges, potentially impacting market prices.