CryptoQuant CEO: U.S. Government Sale of 4,000 Bitcoins Unlikely to Impact Markets
CryptoQuant CEO Ki Young Ju said in a post on the X platform that the U.S. government's sale of 4,000 Bitcoins is unlikely to have much of an impact on the market. This is because Coinbase Prime handles sell-side liquidity of 20,000 to 49,000 BTC per day when spot ETF inflows are high, and 6,000 to 15,000 BTC per day when spot ETF inflows are low.Ki Young Ju said, "Posting this because
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After Waller's hawkish speech, the market focuses on "rate hikes", but Morgan Stanley says balance sheet reduction is more likely.
After the Jackson Hole meeting, the market's focus has shifted to interest rate hike expectations. However, Morgan Stanley economist Carpenter pointed out that Walsh's long-standing stance on reducing the $7 trillion balance sheet should not be overlooked. It is expected that the Federal Reserve may begin a balance sheet reduction of more than $1.5 trillion next year, partially replacing rate hikes.
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