CryptoQuant CEO Ki Young Ju says Bitcoin is still vulnerable to “speculative FUDs,” giving smart money a way to buy up cheap Bitcoin.
The impact of Mt. Gox’s repayments on Bitcoin is still being overestimated and will likely be utilized by whales to pick up more BTC at a discount, says CryptoQuant CEO Ki Young Ju.
In a July 16 post to X, Ju said that the impact of Mt. Gox sales — anywhere between $3 billion and $9 billion in BTC — is negligible compared to the total increase in the market capitalization of Bitcoin (BTC) over the last 18 months.
“Even if MtGox's $3B is sold on Kraken, it's just 1% of the realized cap increase in this bull cycle — manageable liquidity,” wrote Ju.
