CryptoQuant CEO: High BTC selling pressure could be a buying opportunity

Ju Ki-young, CEO of CryptoQuant, stated on X that while Bitcoin is facing significant selling pressure, it could also present a buying opportunity. He noted that whales have sold off billions of dollars worth of BTC since the cryptocurrency surpassed the $100,000 mark. According to Ju, he had believed the bull market was over earlier this year, but inflows from Strategy and spot ETFs offset the decline. He warned that if these inflows were to disappear, selling pressure would likely dominate the market again. Despite the currently strong selling pressure, Ju suggested that those with a positive macroeconomic outlook might view this as a chance to buy.