Ki Young Ju: US sold 4,000 Bitcoins but had little impact on the market

Earlier reports that the U.S. government transferred 3,940 Bitcoins (worth more than $240 million) to the well-known cryptocurrency exchange Coinbase quickly caused ripples in the cryptocurrency market, causing the price of Bitcoin to fall.

According to on-chain detective Zach $61,000.

CryptoQuant CEO Ki Young Ju tweeted during the market volatility, "The U.S. government sold 4,000 Bitcoins today, but it had little impact on the market. Coinbase Prime handled 2-4.9 daily during high spot ETF inflows The sell order liquidity of 10,000 BTC is to handle 6k-15,000 BTC during the low inflow period."

Ki Young Ju emphasized that this post is specifically to stop the fermentation of FUDs in the market. He said bluntly, "I am concerned about the government. "I'm tired of the FUD on this news."

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