CryptoQuant founder Ki Young Ju says that $BTC is down 7% year to date, and ETF net inflows are close to zero.
Long-time miners and early large holders haven’t sold, and nobody is dumping on the spot market.
There’s simply no new money coming in now—they’re just trading among themselves. $BTC won’t fall much further at this level.
Long-time miners and early large holders haven’t sold, and nobody is dumping on the spot market.
There’s simply no new money coming in now—they’re just trading among themselves. $BTC won’t fall much further at this level.