CryptoQuant Founder: If MicroStrategy and ETF buying cool down, the market may be dominated by sellers again

CryptoQuant founder and CEO Ki Young Ju stated that Bitcoin whales have been continuously selling billions of dollars since the price reached $100,000. He mentioned that he had judged the bull market cycle to be over at the beginning of this year, but it was postponed due to the inflow of funds from MicroStrategy and Bitcoin spot ETFs.

If these buying pressures fade, the market may once again be dominated by sellers. Currently, selling pressure remains heavy, but if the macro outlook stays strong, this may be an opportunity to accumulate at lower prices.