Ki Young Ju, CEO of blockchain analysis company CryptoQuant, argued that the Bitcoin sales of states are exaggerated.

Stating that $224 billion has entered the market since the beginning of 2023, the analyst said, “Government-seized BTC contributes about $9B to the realized cap.”

Ki Young Ju emphasized that the $9 billion figure corresponds to only 4% of the $ 224 billion inflow of money and said, “Don’t let govt selling FUD ruin your trades.”

Realized market capitalization refers to the total capital entering the market. It is based on the price of each coin when it last moved, as opposed to the traditional market capitalization calculation, which multiplies the current price by the total number of coins.

How much Bitcoin is controlled by governments?

To date, many governments, including the US, have seized a significant number of Bitcoins in various operations. Some of these have been sold and some are still being held. According to the latest data, the US controls more than 200 thousand BTC, followed by China with 194 thousand BTC, the UK with 61 thousand BTC and Germany with 42 thousand BTC.