CryptoQuant CEO: Bitcoin will face a seller liquidity crisis, and the peak price of the cycle may exceed expectations

ChainCatcher message, according to the analysis by Ki Young Ju, founder and CEO of CryptoQuant, the Bitcoin market is 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 U.S. 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 pointed out that once a seller liquidity crisis occurs, due to limited seller liquidity and a thin order book, the next cycle peak for Bitcoin may exceed expectations. This situation could arise when the total amount of Bitcoin held by accumulation addresses reaches approximately 3 million BTC.