CryptoQuant CEO: Market Won't Repeat 70% Crash Unless Saylor Sells

KuCoinFlash

Release Time: 02/01/2026 11:16:28

BTC

$74,731.705.72%

Summary

On February 1, 2026, CryptoQuant CEO Ki Young Ju stated that Bitcoin's decline is due to selling pressure and diminishing ETF inflows. Early holders have been cashing out since early 2025, despite earlier support from ETF inflows and MicroStrategy (MSTR) buy-ins. The fear and greed index remains at a low level, with no new capital entering the market. MSTR was a major driver of the recent bull run. Unless Michael Saylor sells heavily, a 70% crash is unlikely. The market bottom remains unclear, but a consolidation phase is expected.

BlockBeats News: On February 1, Ki Young Ju, CEO of CryptoQuant, posted on social media stating that the price of Bitcoin continues to decline due to ongoing selling pressure and a lack of new inflows. Early holders have accumulated substantial unrealized gains from ETFs and purchases by MicroStrategy (MSTR). They have been cashing out since early last year, but strong capital inflows kept Bitcoin's price near $100,000. Now, these inflows have dried up.

However, Ki Young Ju also pointed out that MSTR is the main driving force behind this upward trend. Unless Saylor significantly sells off his holdings, the market is unlikely to experience a 70% crash similar to previous cycles. The current market bottom is still unclear, but this bear market may result in a broad consolidation phase.

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