Bitcoin Whales Show Signs of Selling Pressure Amid Market Uncertainty

CryptoQuant founder and CEO Ki Young Ju has noted that Bitcoin whales have been selling billions of dollars worth of cryptocurrency since its price reached $100,000. Ju previously predicted the end of a bull market cycle earlier this year but was delayed by significant investment from MicroStrategy and Bitcoin spot ETFs. He now anticipates renewed selling pressure if these buying forces lessen. Despite current selling pressure, Ju believes that if the broader economic outlook remains favorable, it could be an opportune time for investors to enter the market during dips.