Makes sense as China is off the grid for now and the US has historically been the second-biggest anyway.
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tldr; The CEO of CryptoQuant, Ki Young Ju, states that the US is regaining dominance in Bitcoin holdings, driven by demand for spot market ETFs. He notes that Bitcoin has overcome fear, uncertainty, and doubt (FUD) this year, handling sell-off events with minimal impact. Bitcoin is currently trading at $64,505, a slight decrease. Ju also mentions that the early release of former Binance CEO Changpeng Zhao from prison is creating positive market sentiment, potentially leading to a rally.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Makes sense as China is off the grid for now and the US has historically been the second-biggest anyway.
tldr; The CEO of CryptoQuant, Ki Young Ju, states that the US is regaining dominance in Bitcoin holdings, driven by demand for spot market ETFs. He notes that Bitcoin has overcome fear, uncertainty, and doubt (FUD) this year, handling sell-off events with minimal impact. Bitcoin is currently trading at $64,505, a slight decrease. Ju also mentions that the early release of former Binance CEO Changpeng Zhao from prison is creating positive market sentiment, potentially leading to a rally.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.