CryptoQuant CEO: Mt Gox FUD is overestimated, Bitcoin market value situation has shown strong demand

CryptoQuant CEO Ki Young Ju stated on platform X that the Mt Gox FUD is overestimated. The market cap growth has exceeded the growth of realized market cap, indicating strong demand. Since 2023, $224 billion worth of Bitcoin has been sold in the market (this figure is based on the increase in actual market value, including exchange deposits, OTC trades and other on-chain transactions), but the price has risen by 350%. Even if MtGox's $3 billion were to be sold on CEX, it would only account for 1% of the realized market cap growth in this bull market cycle - liquidity is controllable."