Crypto CEO says governments selling BTC isn't a big deal!
Gain insights from Ki Young Ju, founder and CEO of CryptoQuant, on why government Bitcoin selloffs have a minimal impact on the market, supported by comprehensive data and analysis.

Are government Bitcoin selloffs impacting the market as much as we think? How significant are these movements in the grand scheme of Bitcoin's valuation? Ki Young Ju founder and CEO of CryptoQuant, offers a perspective that challenges common fears.
Recent data indicates substantial Bitcoin selloffs by miners, significant whales and notably by the German and American governments. These government selloffs, due to their volume are classified as whale movements. They have been argued to contribute to increased selling pressure and subsequent price declines.
Ki Young Ju, however, contends that reactions to government-linked selloffs are overrated. He points to the cumulative value of Bitcoin inflows over the past year to support his stance. Government-linked addresses from the US and Germany have sent over $737 million worth of Bitcoin to exchanges like Coinbase, Bitstamp and Kraken in the last two weeks. Despite these significant transfers coinciding with a month-long Bitcoin price decline, Ki Young Ju argues the impact is minimal.
According to CryptoQuant data Bitcoin has received inflows exceeding $224 billion since 2023. Only 4% is linked to government-seized assets. Government-seized BTC has added about $9 billion to the realized market cap since 2023. This realized market cap, which considers the last transaction price of each BTC, provides a more accurate valuation by accounting for fiat currency actually invested in BTC. Hence government-owned Bitcoins hold minimal influence compared to broader market funds.

Currently, Bitcoin is trading at $56,833. It is beginning to recover from significant seven-day losses. For a sustained upward trend Bitcoin must breach the $60,000 mark. This is despite the largest correction since the 2022 bull cycle low.
Bitcoin's recent price decline can be attributed to various factors. These include government selloffs whale movements and Mt Gox redistributing BTC. However, the overall impact of government selloffs is minimal in the context of the realized market cap and broader inflows into Bitcoin.
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