CryptoQuant CEO Ki Young Ju said that the 1.24 million bitcoins sold by OG whales over the past two years were absorbed by Michael Saylor and ETFs; otherwise, Bitcoin’s price might have been close to $22,000. (Cointelegraph)
CryptoQuant CEO: Bitcoin Price Near $22,000 Without ETF and Saylor Absorption
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Summary
Bitcoin ETF news emerged as CryptoQuant CEO Ki Young Ju noted that 1.24 million bitcoins sold by OG whales over two years were absorbed by Michael Saylor and ETFs. Without this absorption, Bitcoin price trends suggest the price could have approached $22,000. The comments underscore ongoing market dynamics as major players influence cryptocurrency price movements.
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