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Binance News
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Bitcoin Market Faces Seller Liquidity Crisis, Says CryptoQuant CEO
According to BlockBeats, CryptoQuant founder and CEO Ki Young Ju has analyzed that the Bitcoin market is currently in a price discovery phase, but a seller liquidity crisis is imminent. Last week, the net inflow of physical Bitcoin ETFs reached 30,000 BTC. Known entities such as exchanges and miners hold approximately 3 million BTC, with US entities holding about 1.5 million BTC. At the current rate, a seller liquidity crisis is expected to occur within the next six months.
Ki Young Ju points out that once a seller liquidity crisis occurs, due to limited seller liquidity and weak order books, the next peak of the Bitcoin cycle may exceed expectations. This situation could happen when the total amount of Bitcoin held by cumulative addresses reaches approximately 3 million BTC.
Ki Young Ju points out that once a seller liquidity crisis occurs, due to limited seller liquidity and weak order books, the next peak of the Bitcoin cycle may exceed expectations. This situation could happen when the total amount of Bitcoin held by cumulative addresses reaches approximately 3 million BTC.
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