📊 CryptoQuant CEO: ETFs, Governments, and MicroStrategy Account for 31% of Known Bitcoin Holdings

According to Golden Finance, CryptoQuant CEO Ki Young Ju stated that ETFs, governments, and MicroStrategy currently account for 31% of known Bitcoin holdings, up from 14% last year.

It is worth noting that this data only pertains to the 31% of known Bitcoin holders. 🔍

Bitcoin dominance has recently fallen by 6%, with XRP contributing 3%, but dominance is currently recovering.

Demand in South Korea: Ki Young Ju emphasized that South Korea is the country most in need of establishing a Bitcoin strategic reserve.

The KRW/USD exchange rate is about to hit a 15-year high, potentially necessitating a 'Digital Gold Fundraising Campaign'.

Korean crypto whales are accumulating USDT on a large scale, with a roughly 3% premium on the USDT/KRW trading pair on Upbit exchange, approaching levels seen during the 1998 IMF crisis.