CryptoQuant founder: If MicroStrategy and ETF buying momentum fades, the market may once again be dominated by sellers

Jinse Finance reported that Ki Young Ju, founder and CEO of CryptoQuant, stated that Bitcoin whales have continued to sell off billions of dollars since the price reached $100,000. He mentioned that he had previously judged the bull market cycle to be over at the beginning of this year, but it was postponed due to capital inflows from MicroStrategy and Bitcoin spot ETFs. If these buying forces subside, the market may once again be dominated by sellers. Currently, selling pressure remains heavy, but if the macro outlook stays strong, now may be an opportunity to buy the dip.