Crypto Quant Founder: BTC's decline is due to the sell-off in the derivatives market
Crypto Quant founder Ki Young Ju stated on social media that the decline in BTC is due to sell-offs in the derivatives market, not GBTC. The over-the-counter market is very active, but it does not affect the price. When on-chain over-the-counter transactions and spot ETF activities decrease, re-accumulation will be completed and the bull market will begin.
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