CryptoQuant CEO: “Only Newbies Sell Bitcoin (BTC) When the Price Drops!”

Jakarta, Pintu News – Despite institutional investors reportedly selling millions of dollars worth of Bitcoin BTC0.84%->Current BTC PriceRp 1.375.713.9500.84%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675, CryptoQuant CEO Ki Young Ju remains optimistic and calls selling in the current market conditions a rookie move.

Bitcoin (BTC) has declined about 10% in the past week, but Ki Young Ju emphasized that a 30% correction is normal in Bitcoin’s bullish cycle.

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Sales by Large Investors

Recent reports suggest several large-scale Bitcoin holders, including BlackRock, have sold their assets amid the current price drop. According to Arkham Intelligence, BlackRock has sold $150 million worth of Bitcoin.

Nonetheless, data from BiTBO shows that institutions still hold Bitcoin, with BlackRock clients owning over 583,320 BTC worth approximately $50.2 billion. These sales come amid volatile market conditions, with CoinGlass data recording over $765 million in liquidations in the last 24 hours, on top of the $1.5 billion lost on February 25.

SoSoValue data also shows that this market decline corresponds to the largest single-day withdrawal from a spot Bitcoin ETF since its launch, with $937.78 million withdrawn on February 25.

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CryptoQuant CEO Comments

Ki Young Ju, CEO of CryptoQuant, emphasized that selling during a price drop is a bad investment strategy. He suggested that a 30% correction in Bitcoin’s bullish cycle is common, noting that in 2021, Bitcoin fell by 53% but recovered to an all-time high.

Ki Young Ju advises investors to have a clear plan and not be swayed by market fluctuations.

In a post on X on February 27, Ki Young Ju stated that seeing people panic in the current situation is quite comforting. He emphasized the importance of patience and long-term investment strategies amidst market uncertainty.

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Market Reaction and Future Outlook

Bitcoin’s recent price decline has been one of the worst since 2018, with Bitcoin down around 20% from its peak of $109,225 since Donald Trump took office in mid-January. While an initial wave of optimism was associated with hopes for more crypto-supportive policies, those hopes seem to be fading.

However, with institutional investors still holding large amounts of Bitcoin and experts advising not to panic sell, the market could stabilize and recover. Investors are advised to pay attention to market dynamics and not rush into making investment decisions.

Conclusion

While the Bitcoin market is experiencing turbulence, a calm and deliberate approach can help investors cope with volatility. Understanding market cycles and listening to expert advice can be key in navigating the often unpredictable world of crypto investing.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. CryptoQuant CEO Says Only Noob Would Sell Amid Current Dip as BlackRock Reportedly Sold $150M in BTC. Accessed on February 28, 2025
• Featured Image: Generated by AI