CryptoQuant Founder: Bitcoin May Resume Uptrend After U.S. Midterm Election Uncertainty Fades

TechFlow reported on Oct. 29 that CryptoQuant founder Ki Young Ju (@ki_young_ju) posted on X that year-to-date net inflows into spot Bitcoin ETFs have been close to zero, while BTC has declined only about 7% year to date. Amid weak ETF demand and resilient prices, large-scale selling by early whales or miners is unlikely, and holders wanting to sell may have already done so. He expects bullish momentum to return after U.S. midterm election uncertainty fades and ETF inflows resume. He also attached CryptoQuant's Bitcoin ETF annual holdings chart.

Source: TechFlow