Cryptocuant CEO says that only “noob” will sell in the middle of the current dive while Blackkrock reportedly sold $ 150 million in BTC
Institutional investors seem to sell millions in Bitcoin, but the Criptocalian CEO believes that 30% correction are common during the cycle of bull.
Bitcoin (Btc) is about 10% in the past week, putting this February on the path to be one of the worst since 2018. years. Cryptocual The General Manager of Ki Young is not in question, saying that only “Noob” will sell during this smoke.
In a x the post 27. February, Ki pointed out that a 30% noise correction in Bitcoin cycle “common”, because BTC fell 53% in 2021. years “and still recovered at all times.” Cryptoquant CEO says to buy when prices grow and sell when they fall is the “worst investment strategy”, and comes to investors to hold a “clear plan”.
“You’re too early for panic. See people that panic are kind of sweet here.”
Qi Young her
KI’s comments come as reports on the surface, saying that the big owner of Bitcoina could cash in the middle of the current diplaiter. Blockyin Analytics Firm Arkham Intelligencia has revealed that loyalty, Ark Invest and Greiscale sold parts of their Bitcoin estate because the price dropped below $ 90,000.
Although the exact scale of these activities remains unclear, Arkham export at 27. February post on k to BalkrockThe world’s largest manager, also sold $ 150 million in Bitcoin. In spite of sales, data Bitbo shows that institutions still hold for Bitcoin, with Blackrock clients who possessed over 583,320 BTC worth about $ 50.2 billion.
Since Bitcoin has dropped, the data for which shows over $ 765 million in the last 24 hours, at the top of $ 1.5 billion, 25. February. Sosovalue data also reveal that the market has been on the market in a large one-day withdrawal from Bitcoin ETF, because for the first time he pulled, with 937.78 million dollars.
As a cripto.news export Previously, the price of Bitcoin declined about 20% of its peak in the amount of $ 109,225, because Donald Trump took office in mid-January. After the Trump’s election victory and expectations for several cryptological regulatory environments, there was a wave of optimism, and the hard sale of sale. However, hopes that they appear to have been faded with fast pro-crypto policies.
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2025-02-27 11:05:00
