Bitcoin's $467B Realized Market Cap Gain Failed to Drive Price Higher, CryptoQuant Founder Says

BTC0.21%
According to CryptoQuant founder Ki Young Ju, as reported by ChainCatcher, Strategy's current bitcoin purchases act more as a liquidity absorber than a price catalyst. Ki Young Ju pointed out that Bitcoin's realized market cap has grown by $467 billion over the past two years, yet the price declined 1%, indicating that large capital inflows have primarily resulted in chip transfers rather than actual price appreciation. In the current environment of clear selling pressure, Strategy's continued purchases may only defend a trading range rather than drive meaningful gains.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments