CryptoQuant CEO: US government's sale of 4,000 bitcoins is unlikely to have an impact on the market

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Cointime2024/06/27 00:46

By:Cointime

CryptoQuant CEO Ki Young Ju posted on X platform stating that the US government is selling 4,000 bitcoins, but it is unlikely to have any impact on the market. This is because when the inflow of spot ETF is high, Coinbase Prime can handle sell-side liquidity of 20,000 to 49,000 BTC per day, and when the inflow of spot ETF is low, it can handle liquidity of 6,000 to 15,000 BTC per day. Ki Young Ju said, "I am posting this because I am tired of the FUD caused by the government's sale."

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.

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