Joo Ki-young CEO "Bitcoin (BTC), Buying Pressure Exists... Daily Premium at 2-Year Low"
JH Kim
Summary
- CEO Joo Ki-young stated that while old whales are selling Bitcoin, it will not collapse the market.
- He reported that the current daily premium on Coinbase is at a two-year low.
- He added that recovery of the premium is necessary for the next rise.
Joo Ki-young, CEO of CryptoQuant, stated on the 2nd (local time) via his X (formerly Twitter) that "Old whales are selling Bitcoin (BTC)," and added, "Although there is a high volume of OTC transactions and exchange deposits, this trend will not collapse the market."
He continued, "Buying pressure generally occurs on Coinbase, but currently, the daily premium on Coinbase is at its lowest level in two years," adding, "Recovery is needed for the next rise."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.