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Ki Young Ju, founder & CEO at CryptoQuant, states that Bitcoin short-term holders are no longer experiencing pressure to sell at a loss.
This observation highlights a change in market sentiment for those recently buying Bitcoin.
Earlier, Ki Young Ju noted that Bitcoin futures open interest was rising, but spot demand remained weak despite ETF inflows. In his view, this suggested a divide between derivatives activity and direct buying. The observation was detailed in a recent report.