CryptoQuant CEO: Treasury companies and ETF inflows have ended the bear market
BlockBeats News, November 11, CryptoQuant founder Ki Young Ju tweeted, "Since the bitcoin price dropped to $100,000, whales have cashed out billions of dollars. At the beginning of the year, I said the bull market cycle was over, but inflows from MSTR and ETF ended the bear market. If these inflows stop, sellers will dominate again. Currently, selling pressure remains high, but if you believe the macroeconomic outlook is strong, now is a good time to buy."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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5 Days of Bitcoin ETF Outflows, Brought to You Mostly by BlackRock
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