CryptoQuant CEO: The $6.5 billion worth of Bitcoin sold by the U.S. government may be absorbed by the market within a week
ChainCatcher message, regarding "The U.S. Department of Justice has been authorized to sell $6.5 billion in seized Silk Road Bitcoin," CryptoQuant CEO Ki Young Ju posted on X: "Last year, based on realized market cap, $379 billion entered the market, about $1 billion per day. The $6.5 billion (Bitcoin) sold by the U.S. government could be absorbed within a week. Don't panic."
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