According to Odaily, CryptoQuant CEO Ki Young Ju recently shared insights on X, expressing optimism about the current state of the cryptocurrency market. He stated that the market is in a bull phase, suggesting that Bitcoin is poised for an upward trajectory. Previously, there were predictions about short-term adjustments in the crypto market, which were not intended to indicate a bear market but rather a potential market correction.
Ki Young Ju highlighted that the cumulative capital inflow into the Bitcoin market suggests a potential price cap of $135,000. This assessment reflects the ongoing bullish sentiment and the substantial investments being made in the cryptocurrency sector. The CEO's remarks underscore a positive outlook for Bitcoin, aligning with the broader market trends that have been observed in recent times. As the market continues to evolve, investors and analysts are closely monitoring these developments to gauge future movements in Bitcoin's value.
