CryptoQuant CEO Ki Young Ju believes that the price of Bitcoin may be slightly below $59,000 by the end of the year, noting that the overheating of the futures market is one of the main reasons for a potential year-end crash.
Ki recently posted on X, stating that he expects the price of Bitcoin to drop to $58,974 by the end of the year, while asking others for their opinions on the year-end price and adding that he would pay 0.1 BTC to the person whose answer is closest.
He stated: 'I expect that the Bitcoin futures market indicators are overheated, so there will be an adjustment, but we are entering a price discovery phase, and the market is further heating up. If a correction and consolidation occur, the bull market may continue; however, in my view, a year-end crash could set the stage for a bear market in 2025. I hope my prediction is wrong.' #opbnb
