CryptoQuant Founder: Bitcoin OG Selling Is a Process of Institutional Absorption, Next Bull Run Still Expected

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

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