CryptoQuant founder Ki Young Ju posted on X that the impact of government Bitcoin sell-offs on the market has been overestimated. Since 2023, $224 billion has flowed into the market. Confiscated BTC by governments has achieved a market value of about $9 billion, accounting for only 4% of the cumulative realized value since 2023.
Tags:
CryptoQuant
Government Bitcoin Sell-off
Source link:
https://x.com/ki_young_ju/status/1809293501084909592
Disclaimer: All Bitpush articles represent the author’s opinions and do not constitute investment advice.
Original link:
https://www.bitpush.news/articles/6918373
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