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Ki Young Ju: Bitcoin market faces strong selling pressure

Ki Young Ju: Bitcoin market faces strong selling pressure

AiCoinAiCoin2026/06/04 03:33
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According to CryptoQuant founder Ki Young Ju, the average holding cost for Bitcoin investors is approximately $53,000, and bear markets usually end after the price falls below the realized price. He believes that with institutional capital inflows and stable MicroStrategy holdings, returning to this level would be difficult, but the current price trend indicates unusually strong selling pressure in the market. Since January 2023, MicroStrategy has purchased 711,200 BTC, only selling 32; the combined holdings of US spot Bitcoin ETF and MicroStrategy have absorbed 1.16 million BTC, surpassing Satoshi's 1 million holdings and reaching nearly half of the exchange reserves of 2.7 million, yet the price has still returned to the same level.
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