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CryptoQuant CEO: US Government's $6.5 Billion Bitcoin Sale Could Be Absorbed by the Market Within a Week

2025-01-09 12:36

BlockBeats News, January 9th, regarding the "US Department of Justice Granted Permission to Sell Seized $6.5 Billion Silk Road Bitcoin" incident, CryptoQuant CEO Ki Young Ju posted on Twitter stating: "Last year, according to realized capitalization, $379 billion entered the market, about $1 billion per day. The $6.5 billion (Bitcoin) being sold by the US government may be absorbed in a week. Don't panic."

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