CryptoQuant Founder: After the uncertainty of the U.S. midterm elections fades, Bitcoin may regain its upward momentum

CryptoQuant founder Ki Young Ju stated that the ETF engine has hardly operated this year, with net inflows close to zero from the beginning of the year to now, yet Bitcoin has only dropped 7%. In the context of weak ETF demand while prices remain strong, the likelihood of OG whales or miners selling off in large quantities seems low; those who wanted to sell may have already done so.

Ki Young Ju expects that once the uncertainty of the U.S. midterm elections dissipates and ETF capital inflows resume, bullish momentum will return.