Deep Tide TechFlow News, on November 24, CryptoQuant CEO Ki Young Ju posted on X stating that the Bitcoin market has not yet entered a bubble stage. In terms of Realized Cap, the growth of market capitalization is not significant relative to the cumulative on-chain capital inflow. Based on the current steady upward trend of realized market capitalization, there is still room for Bitcoin price to rise, with a target price reaching $141,000.

Ki Young Ju explained that realized market capitalization measures the scale of market capital inflow by calculating the total value of all Bitcoins at the time of their last on-chain transfer. Historical data shows that during bull markets, market capitalization often exceeds realized market capitalization and peaks when retail investors enter; whereas during bear markets, market capitalization may fall below realized market capitalization.