Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 2698
Markets: 22707
CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
Market Cap
24h Vol
2698
Cryptocurrencies
63.57%
Bitcoin Share
BitcoinSistemi 2025-01-23 14:11:09

Bitcoin (BTC) and China Claim Came From CryptoQuant CEO! Fueled the Decline!

Bitcoin (BTC) and China Claim Came From CryptoQuant CEO! Fueled the Decline!

CryptoQuant CEO Ki Young Ju X shared on his account that China may have sold the 194 thousand Bitcoins it seized from PlusToken. While Bitcoin has been exhibiting quite volatile movements in recent days, CryptoQuant CEO has further fueled BTC concerns in the market. He stated that the Chinese government may have sold 194,000 BTC that it seized from PlusToken, a crypto Ponzi scheme, in 2019. Ju argued that China sold all 194,000 BTC despite officially saying that they transferred these Bitcoins to the national treasury. To support his claim, the famous CEO pointed to on-chain data suggesting that Bitcoins seized from Plus Token were mixed and distributed through exchanges like Huobi. “I think China sold 194K Bitcoin. The BTC seized from PlusToken in 2019 was sent to Chinese exchanges like Huobi. The CCP said it was “transferred to the national treasury,” without disclosing whether it was sold or not. But it seems unlikely that a censorious regime would be able to hold onto censorship-resistant money.” Despite the CryptoQuant CEO’s Bitcoin sales claims, users argued that some data showed China still holds 194,000 BTC, making it the second-largest Bitcoin holder after the U.S. At this point, a user responding to Ju’s post provided a chart supporting this claim. If so, this must be wrong. Wow. pic.twitter.com/60AAwJvFRs — Jerry (@JerryYun44) January 23, 2025 *This is not investment advice. Continue Reading: Bitcoin (BTC) and China Claim Came From CryptoQuant CEO! Fueled the Decline!

Most Read News

Market Cap
24h Vol
63.57%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.