CryptoQuant CEO: US government selling $6.50 billion bitcoin could be absorbed by the market within a week
Regarding the Department of Justice's approval to sell the seized $6.50 billion Darknet Silk Road bitcoin, CryptoQuant CEO Ki Young Ju wrote in X: Last year, based on realized market capitalization, 379 billion dollars entered the market, about 1 billion dollars per day. The US government sold $6.50 billion (bitcoin) could be absorbed within a week. Don't panic.