CoinVoice has recently learned that CryptoQuant CEO Ki Young Ju stated on X that the Bitcoin market has not yet entered the bubble stage. From the perspective of Realized Cap, the growth of market capitalization is not significant compared to the cumulative inflow of on-chain funds. Based on the current steady upward trend of the realized market cap, there is still room for Bitcoin prices to rise, with a target price of up to $141,000.
Ki Young Ju explained that the realized market cap measures the scale of market funds 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 cap and peaks when retail investors enter; while during bear markets, market capitalization may fall below realized market cap. [Original link]
