CryptoQuant CEO Revises Bitcoin Stance Amid Easing Selling Pressure
- Ki Young Ju, CEO of CryptoQuant, reverses his bearish outlook on Bitcoin.
- Bitcoin’s selling pressure is decreasing due to significant inflows from spot ETFs.
- The market has diversified with the involvement of institutional investors and government agencies.
- Bitcoin is currently trading at $103,346.
Ki Young Ju acknowledges the evolving dynamics in the Bitcoin market, highlighting the impact of new liquidity sources like ETFs and institutional investors on easing selling pressures. This shift suggests a departure from traditional cycle theories.
Source (2.6)https://dailyhodl.com/2025/05/10/bitcoin-selling-pressure-is-easing-amid-massive-inflows-says-cryptoquant-ceo-heres-his-outlook/?rand=59076
