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CryptoQuant CEO: US government's sale of 4,000 bitcoins is unlikely to have an impact on the market
2024-06-26 23:23
Odaily News CryptoQuant CEO Ki Young Ju posted on the X platform that the US government's sale of 4,000 bitcoins is unlikely to have any impact on the market. Because when the spot ETF inflow is high, Coinbase Prime can handle 20,000 to 49,000 BTC of sell-side liquidity per day, and when the spot ETF inflow is low, it can handle 6,000 to 15,000 BTC of liquidity per day. Ki Young Ju said: "I posted this because I am tired of the FUD of the government selling."