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.
You may also like
Fufuture "Project Growth Eco-Private Meeting" will be held in Hong Kong on August 26.
Starry Sea Acquisition, SuperiorMed sign merger agreement for business combination
Major meme coins see widespread gains, DOGE surges over 20% in 24 hours
EnBW plans multi-hundred-megawatt battery storage project at Neckarwestheim site
Crypto prices
More
