The post CryptoQuant CEO says only ‘noob’ would sell amid current dip as BlackRock reportedly sold $150m in BTC appeared on BitcoinEthereumNews.com.

Institutional investors seem to be selling off millions in Bitcoin, but CryptoQuant’s CEO believes 30% corrections are common during bull cycles. Bitcoin (BTC) is down about 10% over the past week, putting this February on track to be one of the worst since 2018. Still, CryptoQuant CEO Ki Young Ju isn’t concerned, saying only a “noob” would sell during this dip. 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. pic.twitter.com/eYwW1VXd8C — Ki Young Ju (@ki_young_ju) February 27, 2025 In an X post on Feb. 27, Ki pointed out that a 30% correction in a Bitcoin bull cycle is “common” as BTC dropped 53% in 2021 “and still recovered to an all-time high.” The CryptoQuant CEO says buying when prices rise and selling when they fall is the “worst investment strategy,” urging investors to stick to a “clear plan.” “You’re way too early to panic. Seeing people panic here is kinda cute tbh.” Ki Young Ju Ki’s comments come as reports surfaced saying that large Bitcoin holders might be cashing out amid the current dip. Blockchain analytics firm Arkham Intelligence revealed that Fidelity, ARK Invest, and Grayscale sold portions of their Bitcoin holdings as the price fell below $90,000. While the exact scale of those activities remain unclear, Arkham reported in a Feb. 27 post on X that BlackRock, the world’s largest asset manager, also sold $150 million in Bitcoin. Despite the sale, data from BiTBO shows that institutions are still holding on to Bitcoin, with BlackRock’s clients owning over 583,320 BTC worth around $50.2 billion. As Bitcoin dropped, CoinGlass data…

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Filed under: News - @ February 27, 2025 8:25 am