Crypto Quant founder: BTC’s decline is due to sell-off in derivatives market
Ki Young Ju, founder of Crypto Quant, stated on social media that the decline in BTC is due to the sell-off in the derivatives market, not GBTC. The off-exchange trading market is very active but has no impact on prices. When off-chain trading and spot ETF activity decrease, the accumulation for the bull market will begin again.
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.
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