CryptoQuant CEO: It is unlikely that the US government's sale of 4,000 bitcoins will have a significant impact on the market.

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Odaily Odaily News CryptoQuant CEO Ki Young Ju posted on the X platform that the US government's sale of 4,000 bitcoins is unlikely to have any impact on the market. Because when the spot ETF inflow is high, Coinbase Prime can handle 20,000 to 49,000 BTC of seller liquidity per day, and when the spot ETF inflow is low, it can handle 6,000 to 15,000 BTC of liquidity per day. Ki Young Ju said: "I posted this because I am tired of the FUD of government sales."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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