🥶Bitcoin News: China Likely Dumped 194K BTC, CryptoQuant CEO Says💣
👨💻Bitcoin News: As BTC continues its volatile trading, the recent revelation of the CryptoQuant CEO has further fueled market concerns. In a recent X post, Ki Young Ju said that China has likely sold 194,000 Bitcoin, which has dampened the investors’ sentiment.💬Notably, this also contradicts the recent global trend of soaring BTC adoption and the US possibly exploring to creation of a Bitcoin Strategic Reserve.🎟
Highlights®️
🔴CryptoQuant CEO claims China sold 194,000 Bitcoin, sparking market concerns.On-chain data suggests China used mixers to distribute Bitcoin across exchanges.China's alleged Bitcoin sale contradicts reports of transferring funds to the national treasury🎐.BTC price slipped today nearly 3% amid a broader crypto market selloff.
Bitcoin News: As BTC continues its volatile trading, the recent revelation of the CryptoQuant CEO has further fueled market concerns. In a recent X post, Ki Young Ju said that China has likely sold 194,000 Bitcoin, which has dampened the investors’ sentiment. Notably, this also contradicts the recent global trend of soaring BTC adoption and the US possibly exploring to creation of a Bitcoin Strategic Reserve.
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Bitcoin News: CryptoQuant CEO Makes Bold Claim On China’s BTC Sale
⛱In a recent X post, CryptoQuant CEO said that China has likely sold its Bitcoin holdings, which has sparked discussions in the market. In other words, Ki Young Ju’s recent statement raises questions about the fate of Bitcoin seized during the 2019 PlusToken scam.🏺