Further analysis revealed that well-known entities such as exchanges and miners collectively hold around 3 million BTC, with US entities accounting for half of this amount. Ju cautioned that this growing demand, coupled with limited seller liquidity, could potentially lead to a seller liquidity crisis within the next six months.
Moreover, Ju noted that the Bitcoin market is currently in a phase of price discovery. In his view, a looming seller liquidity crisis, when combined with weak order books, could result in the next cycle peak of Bitcoin surpassing expectations. He predicted that this could happen once the total amount of Bitcoin held in accumulation addresses reaches around 3 million BTC.
In essence, Ju's insights shed light on the complexities and potential future challenges in the Bitcoin market, highlighting the need for strategic analysis and preparedness among investors and stakeholders.
