CryptoQuant Founder: Bitcoin OG Selling is a Process of Institutional Absorption, Next Uptrend Still Expected

Odaily reported that Ki Young Ju, founder of CryptoQuant, posted on platform X stating that the selling by Bitcoin OGs and old miners is essentially a process of absorption by traditional U.S. financial institutional investors and ETFs. He disagrees with the view that "Bitcoin lacks liquidity and cannot rise," pointing out that the key to asset value lies in who holds it.

He believes that the institutional investors now holding Bitcoin could form a stronger demand base. Although the cyberpunk value of Bitcoin may be somewhat diluted in this process, the next round of upward movement will still arrive. As an investor, he remains bullish on Bitcoin and advises holding with patience.