According to Odaily Planet Daily, CryptoQuant CEO Ki Young Ju said that in the past two weeks, long-term Bitcoin holders sold $1.2 billion of BTC, which may have been completed through brokers. During the same period, ETFs had a net outflow of $460 million. If the $1.6 billion of seller liquidity is not purchased over the counter, brokers may deposit Bitcoin into exchanges, thereby affecting the market.