Founder and CEO of on-chain analytics platform CryptoQuant, Ki Young Ju, has encouraged crypto enthusiasts not to allow FUD over Government Bitcoin selloffs. Ki stated that the Bitcoins being sold off only amounts to a meager 4% of the total $225B inflows of the bull market.

Ki Young made the statement via his X handle (Formerly Twitter). He encouraged traders not to get into FUD on the over-estimated Bitcoin selloffs by the Governments.

During the past few days and weeks, countries, (especially the U.S. and Germany) have been laying off their Bitcoin holdings. Both countries possess thousands of Bitcoins worth billions of dollars.

The massive selloff created an alleged fear that the layoff of such large holdings may cause a decline in the market price of Bitcoin. This has thrown traders and crypto enthusiasts into panic mode.

However, Ki assured, “Don’t let gov’t selling FUD ruin your trades.” He assured that Bitcoin being sold by the U.S. and German governments will have little to no impact on the markets, as it only weighs 4.5% of the $225B inflows for the bull run.

He further stressed that $224B has flowed into this market since 2023, and the total Government-owned BTC only amounts to $10B of the market cap. “The Govt Bitcoin selling is overestimated,” Ki summarized.

Ki Young’s statement stands in total opposition to the current market playout and BTC price activity. Bitcoin has shown a massive selling trade during the past few days, even touching the $ 54,000 prize zone.

This bearish trend has been linked to transfers from wallets linked to defunct exchange Mt. Gox and Government selloffs. All eyes are on the two main countries, Germany and the United States, with their thousands of seized/withheld Bitcoins.

The Crypto Fear & Greed Index shows “extreme fear,” but the CryptoQuants analyst sees no need for panic about the Government’s decision.