Long-term Bitcoin holders sold $1.2 billion worth of Bitcoin in the past two weeks

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On June 19, CryptoQuant CEO Ki Young Ju wrote that in the past two weeks, long-term Bitcoin holders sold $1.2 billion worth of Bitcoin, possibly through brokers; during the same period, ETFs had a net outflow of $460 million.

If this $1.6 billion in sell-side liquidity is not purchased OTC, brokers may deposit Bitcoin on trading platforms, thus affecting the market.

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