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TechFlow reports on January 9, regarding the news that "the U.S. Department of Justice has been approved to sell $6.5 billion worth of Silk Road darknet-seized Bitcoin," CryptoQuant CEO Ki Young Ju posted on X: "Last year, $379 billion entered the market based on realized market cap, about $1 billion per day. The $6.5 billion in Bitcoin being sold by the U.S. government could be absorbed within a week. Don't panic."
Regarding the news that "the U.S. Department of Justice has been approved to sell $6.5 billion worth of Silk Road darknet-seized Bitcoin," CryptoQuant CEO Ki Young Ju posted on X: "Last year, $379 billion entered the market based on realized market cap, about $1 billion per day. The $6.5 billion in Bitcoin being sold by the U.S. government could be absorbed within a week. Don't panic."
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