CryptoQuant CEO Ki Young Ju has warned that Bitcoin is facing unusually strong sell pressure, despite ETFs and Strategy absorbing more than 1.2 million BTC since March 2024.
According to Ju, Bitcoin's price has remained relatively stagnant despite massive institutional demand, suggesting significant selling activity from long-term holders or large entities. The trend may indicate a major transfer of ownership within the market as supply changes hands before the next major move.