CryptoQuant CEO: Bitcoin Supply Shifts to US Institutions and ETFs Could Set Up Next Rally
CryptoQuant CEO Ki Young Ju says Bitcoin's distribution phase reflects a large transfer of supply from early holders and long-time miners to US financial institutions, ETFs, and newer long-term investors. He highlights heavy absorption despite muted price response, citing 1,240,808 BTC accumulated by ETFs and Strategy since March 2024 while Bitcoin stayed near $63,000. At press time, BTC traded at $62,696.