According to Golden Finance, Samson Mow, CEO of Bitcoin wallet company Jan3 and founder of Pixelmatic, warned at the Consensus Hong Kong cryptocurrency conference that Bitcoin prices may be "artificially" suppressed. Although retail buyers are buying Bitcoin in fixed investment, there seems to be still selling pressure. "Although both institutions and retail buyers are increasing their holdings of Bitcoin, the price of Bitcoin has not risen, so it must be someone selling it." Last year, due to With bankruptcy and restructuring, there were structural sellers in the market, but that period was basically over. In addition, the FTX repayment process has also intensified the selling pressure. The company repaid based on the price of Bitcoin of about $20,000 in November 2022. As creditors try to cash in on profits, this could lead to more sell-offs, with FTX selling Bitcoin at a much lower price, which could explain why Bitcoin prices lack momentum to rise.