CryptoQuant CEO: Failure to rebound could spark institutional BTC selling

An analysis suggests that if Bitcoin fails to show a meaningful rebound within one month, it could face a structural and sustained wave of institutional selling. Ju Ki-young, CEO of CryptoQuant, made the observation in response to the daily trading volume of BlackRock's spot Bitcoin ETF (IBIT) reaching $10 billion. He argued that unless the recent sell-off was due to forced liquidations, it is unlikely that an institution would sell such a large volume at once. Ju warned that forced liquidations are dangerous in the Bitcoin market as they can create a chain reaction. He explained that if funds are liquidated and prices fall, miners could go bankrupt and even retail investors who held on would face losses. Ju stated that if a meaningful rebound does not occur from the current price levels within a month, a structural and continuous flow of institutional selling will likely follow. He added that if institutions sell off at the bottom, their return to the market is unlikely, and it would take a significant amount of time to restore market confidence.