CryptoQuant founder: The impact of government selling of Bitcoin on the market is overestimated!!!
Ki Young Ju, founder of CryptoQuant, pointed out in a tweet that the actual impact of the government selling of Bitcoin on the market has been overestimated. According to his analysis, the market has absorbed $224 billion since 2023, and the government seized only $9 billion of Bitcoin, equivalent to 4% of the cumulative realized value.
Huge capital inflow: Since 2023, the cryptocurrency market has absorbed $224 billion. This huge capital inflow shows the depth and breadth of the market, indicating the global appeal and investor confidence of the cryptocurrency market.
The impact of government selling is limited: The value of Bitcoin seized and sold by the government is about $9 billion, accounting for only 4%. Compared with the overall capital flow in the market, this proportion is insignificant, proving that the impact of government selling on market prices is not as great as imagined.
Long-term investment opportunities: Current market capital flows and development trends show strong potential for cryptocurrencies
