Bitcoin capitulation feared if significant recovery fails, CryptoQuant warns

In a recent statement, CryptoQuant CEO Ki Young Ju stated that he does not dismiss the possibility of Bitcoin encountering further selling pressure in the upcoming months. Ju pointed out that miners are faced with two choices: either give in and sell their Bitcoin holdings or hold out in anticipation of a price increase. Notably, Bitcoin is presently trading at a level below the $58,000 mark.

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