Crypto News

Nation States and BTC Selling Volumes: A Drop in the Ocean As the cryptocurrency market continues to experience a bullish trend, many have been closely monitoring the selling volumes of nation states. After all, the actions of these powerful entities can have a significant impact on the market. However, according to CryptoQuant's Ki Young Ju , the selling volumes of nation states are just a small piece of the puzzle in this bull market. The Rise of BTC and Nation States In recent years, more and more nation states have been showing interest in cryptocurrencies, particularly Bitcoin (BTC). Some have even gone as far as to adopt it as legal tender, such as El Salvador. This has led to speculation about the potential impact of nation states selling large amounts of BTC on the market. However, Ju argues that these selling volumes are not as significant as many may think. Why Nation States' BTC Selling Volumes are Insignificant According to Ju, the selling volumes of na...