[Joo Ki-young: "If BTC doesn't rebound within a month, institutional selling is more likely to increase"] An analysis suggests that if Bitcoin fails to show a meaningful rebound within a month, institutional selling is highly likely to continue structurally. Regarding the daily trading volume of the BlackRock BTC Spot ETF (IBIT), which reached $10 billion, Joo Ki-young, CEO of CryptoQuant, stated, "Unless this selloff was a forced liquidation, it's difficult to believe that institutions disposed of this amount all at once. Forced liquidations are dangerous in the Bitcoin market because they can trigger a chain reaction. If funds are liquidated and prices fall, miners will go bankrupt, and even individual investors who held on until the end will suffer losses." He added, "To be honest, if there's no meaningful rebound from the current price range within a month, structural and sustained institutional selling will continue. Especially if institutions exit at the bottom, the likelihood of a market return is low. Restoring market confidence will take considerable time." -Coinness