CryptoQuant Founder: Bitcoin Poised to Regain Momentum After US Midterm Election Uncertainty Fades

Odaily reports: CryptoQuant founder Ki Young Ju posted that Bitcoin spot ETF inflows have been weak this year, with year-to-date net inflows near zero, yet Bitcoin's price has only fallen about 7%.

Ki Young Ju believes that Bitcoin's price remaining relatively resilient despite weak ETF demand indicates that large-scale selling by early holders (OG whales) or miners is unlikely, and potential sellers may have largely completed their selling.

He expects that as the uncertainty brought by the US midterm elections gradually fades and ETF inflows recover, bullish momentum in the Bitcoin market is likely to return.