CryptoQuant CEO Ki Young Ju posted on the X platform that the US government is selling 4,000 bitcoins, but it’s unlikely to impact the market significantly. He noted that during high inflows of spot ETFs, Coinbase Prime handles daily sell-side liquidity of 20,000-49,000 BTC, and during low inflows, it handles 6,000-15,000 BTC per day.
Ki Young Ju explained his post, stating, “I’m tired of the FUD around ‘government selling’.”
Tags:
Coinbase
Bitcoin
US Government
Source Link:
https://x.com/ki_young_ju/status/1806043349507526665
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Original Article Link:
https://www.bitpush.news/articles/6909419
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