Ah, the sweet sound of panic selling. Institutional investors, those who play in the big leagues, are apparently dumping millions in Bitcoin. But fear not! CryptoQuant’s CEO, Ki Young Ju, has a simple yet scathing message: if you’re selling now, you might just be a ‘noob.’ 🥴
Bitcoin (BTC) is down a lovely 10% over the past week, sending many crypto enthusiasts into full-on freak-out mode. But hold your horses, Ki’s not losing his cool. He claims that a 30% correction during a bull cycle is totally normal. Why, it’s just like the good old days of 2021 when BTC dropped 53% and still found its way to an all-time high. Classic! 😏
“If you’re panic selling now, you’re probably a noob.
A 30% correction in a #Bitcoin bull cycle is common—it dropped 53% in 2021 and still recovered to an ATH.
Buying when prices rise and selling when they fall is the worst investment strategy. Invest with a clear plan.”
— Ki Young Ju (@ki_young_ju) February 27, 2025
Ki’s not just talking for fun. He genuinely thinks that those panic-stricken faces are… kind of adorable. Like, seriously, it’s cute when people freak out over a little dip in the market. Who doesn’t love a bit of chaos to spice up their day? 😜
“You’re way too early to panic. Seeing people panic here is kinda cute tbh.”
— Ki Young Ju
While Ki laughs from the sidelines, big names like Fidelity, ARK Invest, and Grayscale are reportedly selling off their Bitcoin stash. Oh, but wait—BlackRock, the titan of asset managers, just joined the party, selling off $150 million in BTC. It’s like a crypto game of musical chairs, and some are already sitting down. 🪑
FIDELITY SOLD
ARK SOLD
GRAYSCALE SOLDBUT BLACKROCK… ALSO SOLD $150M $BTC
— Arkham (@arkham) February 26, 2025
Though the exact numbers behind these sales remain shrouded in mystery, reports from Arkham Intelligence reveal that BlackRock itself dumped a cool $150 million worth of Bitcoin. How delightful! Despite this, BiTBO data suggests that institutions aren’t exactly fleeing—BlackRock’s clients still hold a staggering 583,320 BTC worth over $50.2 billion. 🤑
Meanwhile, in the realm of liquidations, over $765 million was wiped off the market in just 24 hours, following up the $1.5 billion loss on February 25. And get this—$937.78 million pulled from Bitcoin ETFs, the biggest one-day withdrawal since the start of these ETFs. 🏃♂️💨
As reported by crypto.news, Bitcoin’s price has plunged roughly 20% from its high of $109,225 since Donald Trump took office in January. Sure, there was some early optimism, with hopes for pro-crypto policies. But alas, those dreams seem to have faded faster than a Bitcoin pump. 😬
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2025-02-27 11:17