According to Odaily Planet Daily, CryptoQuant founder and CEO Ki Young Ju stated that Bitcoin whales have been selling off billions of dollars since the price hit $100,000. He said that earlier this year he judged that the bull market cycle had ended, but this was delayed by inflows from MicroStrategy and Bitcoin spot ETFs. If these buying forces subside, the market may once again be dominated by sellers. Currently, selling pressure remains heavy, but if the macroeconomic outlook remains strong, now may be a good time to buy on dips.