**CryptoQuant CEO Revises Bitcoin Price Predictions**

CryptoQuant's CEO, Ki Young Ju, has updated his Bitcoin price forecast, setting a new ceiling at $135,000, with a target of $112,000 for 2024. Ju highlights capital inflows from exchange-traded funds as a key factor, but warns that these projections could change. He advises traders to remain cautious due to an overleveraged futures market, which could lead to price corrections.

Meanwhile, CryptoQuant contributor Percival notes that some long-term holders are cashing out at $90,000, but expects others to hold for higher gains. Another contributor, BaroVirtual, foresees a potential correction to $70,000 unless Bitcoin stays above $85,000.