Cryptoquant CEO Ki Young Ju believes the current Bitcoin price surge will continue up to $141,000. Ju said it is too early to call Bitcoin’s recent rally a bubble because the market cap hasn’t increased significantly relative to cumulative on-chain capital inflows.
https://twitter.com/ki_young_ju/status/1860527794805178800
In a recent post on X, Ju compared the current Bitcoin price prediction based on the realized cap with those of the last two bull cycles, showing more bullish potential this time before the cryptocurrency fulfills its potential. Using charts reflecting Bitcoin’s ceiling and floor prices, the analyst revealed the remaining momentum before Bitcoin could reach the ceiling price. Meanwhile, Ju noted that Bitcoin’s realized price keeps increasing daily.
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For context, the BTC realized price measures the total capital inflow into the Bitcoin market. Analysts measure this metric using tools and algorithms that sum the value of all Bitcoins at the price they last moved on-chain. Ju used historical comparisons to highlight how market caps tend to exceed the realize…
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