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BTC is far from a bubble; it is being sold by those who bought during the Bitcoin ETF hype and bought by whales. Data from CryptoQuant
The BTC price is far from a bubble; it is being sold by those who bought during the Bitcoin ETF hype, while it is being bought by mysterious whales. A new batch of on-chain data and their analysis from #CryptoQuant.
CEO #CryptoQuant Ki Yun Joo, relying on on-chain statistics, states that #BTC is far from the 'Bubble' phase and even further from a bear market. He notes that news about whale accumulation of BTC has stopped shocking players and has become commonplace. However, retail investors are not rushing to invest in the asset. Meanwhile, the daily capital inflow into the crypto industry is around $7 billion (!).
CEO #CryptoQuant Ki Yun Joo, relying on on-chain statistics, states that #BTC is far from the 'Bubble' phase and even further from a bear market. He notes that news about whale accumulation of BTC has stopped shocking players and has become commonplace. However, retail investors are not rushing to invest in the asset. Meanwhile, the daily capital inflow into the crypto industry is around $7 billion (!).
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