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

CryptoQuant founder Ki Young Ju posted on X, stating that the selling by Bitcoin OGs and old miners is essentially a process where U.S. traditional financial institutional investors and ETFs absorb the supply. 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 currently holding Bitcoin may become a stronger base of demand. Although the cyberpunk value of Bitcoin may be somewhat diluted in this process, the next rally is still on the horizon. As an investor, he remains bullish on Bitcoin and advises holding patiently.