BlockBeats news, November 24, CryptoQuant CEO Ki Young Ju posted on X, stating that the Bitcoin market has not yet entered the bubble stage. In terms of Realized Cap, the growth of market capitalization is not significant compared to the cumulative on-chain capital inflows. Based on the current steady upward trend of the Realized Cap, there is still room for Bitcoin's price to rise, with a target price of up to $141,000.
Ki Young Ju explained that the Realized Cap measures the scale of market capital inflows 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 the Realized Cap and peaks when retail investors enter; whereas during bear markets, market capitalization may fall below the Realized Cap.
