CryptoQuant CEO Ki Young Ju: Impact of Refunding Mt. Gox to BTC is exaggerated! 🤑
- MT. Gox sale of $3B BTC is just 1% of BTC market capitalization growth over the past 18 months.
- "Smart money" is buying more BTC while many investors panic sell.
- MT. Gox transferred 138,985 BTC (about $8.93B) from cold wallet to hot wallet.
- Only 65,000 BTC can enter the market, reducing selling pressure.
- BTC is up 12% over the past week, currently at $65,154.
What do you think about the future of BTC? Comment! 💬#Bitcoin#Crypto
Source: Ki Young Ju, TradingView