Justin Sun Clarifies Bitcoin (BTC) Investment Rumors Amid Speculation in Crypto Community

TRON (TRX) founder and Huobi chief advisor Justin Sun publicly responded to the latest allegations regarding #Bitcoin investments. Using his social media channels, he debunked reports claiming that he had taken a long position in Bitcoin at $69,000. This statement corresponded to a tweet from CryptoQuant CEO Ki Young Ju, which suggested that Sun initiated a large Bitcoin position using stUSDT as collateral.

In Ki Young Ju's tweet, it was stated that Sun had a Bitcoin long position of approximately $ 67,000, and these positions were supported by at least $ 420 million collateral. Young Ju highlighted the role played by high-yield stablecoin stUSDT in this transaction, raising questions about the legitimacy and source of these assets. This tweet prompted Sun to publicly respond to these speculations.

Although Sun has denied Bitcoin investment allegations, he has remained silent on separate reports of significant Ethereum purchases. According to Spot On Chain, Sun may have accumulated 362,751 #ETH , equivalent to approximately $1.11 billion, through various wallets as of February 8. This disclosure highlights Sun's active role in cryptocurrency markets and his broad investment strategies beyond Bitcoin.

The story is not limited to #Bitcoin . Sun's allegations of involvement in significant Ethereum purchases point to a diversified investment approach in the crypto space. Detailed blockchain data from reliable sources such as Spot On Chain points to a series of transactions that raised a significant amount of ETH, further cementing Sun's influence and strategic foresight in the crypto market. These actions reveal multifaceted tactics that highlight how high-profile investors are leveraging various digital assets.