CryptoQuant CEO: Mt Gox FUD is overestimated, Bitcoin market value situation has shown strong demand
CryptoQuant CEO Ki Young Ju stated on platform X that the Mt Gox FUD is overestimated. The market cap growth has exceeded the growth of realized market cap, indicating strong demand. Since 2023, $224 billion worth of Bitcoin has been sold in the market (this figure is based on the increase in actual market value, including exchange deposits, OTC trades and other on-chain transactions), but the price has risen by 350%. Even if MtGox's $3 billion were to be sold on CEX, it would only account for 1% of the realized market cap growth in this bull market cycle - liquidity is controllable."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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