ChainCatcher Message, CryptoQuant CEO Ki Young Ju recently shared his views on the Bitcoin market on X. He stated that the Bitcoin market has not yet entered a bubble phase, and the market cap growth is not significant. 📈

By analyzing the Realized Cap, which is the total value of all Bitcoins based on their last on-chain transfer, Ki Young Ju pointed out that the scale of market inflow is steadily increasing. This indicates that there is still room for Bitcoin prices to rise, with a target price potentially reaching $141,000. 💰

Historical data shows that during a bull market, the market cap usually exceeds the realized cap, while during a bear market it may fall below the realized cap. 📊 This provides investors with a useful indicator to observe market trends.