CryptoQuant CEO: States' Bitcoin sales are overraged
According to blockchain analysis firm CryptoQuant, Bitcoin sales by governments such as the U.S. and Germany are overrated compared to the capital entering the market.
Stating that 224 billion dollars have entered the market since the beginning of 2023, the analyst said, "BTCs confiscated by the states have a share of approximately 9 billion dollars in realized market value."
Ki Young Ju then emphasized that the figure of 9 billion dollars corresponds to only 4 percent of the 224 billion dollar money inflow and said, "Do not allow state sales to ruin your transactions."