{"id":26117,"date":"2024-02-12T00:50:44","date_gmt":"2024-02-12T00:50:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-latest-rally-eyeing-112k-with-etf-support-according-to-cryptoquant-ceo\/"},"modified":"2024-02-12T00:50:44","modified_gmt":"2024-02-12T00:50:44","slug":"bitcoins-latest-rally-eyeing-112k-with-etf-support-according-to-cryptoquant-ceo","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-latest-rally-eyeing-112k-with-etf-support-according-to-cryptoquant-ceo\/","title":{"rendered":"Bitcoin’s Latest Rally: Eyeing $112K with ETF Support, According to CryptoQuant CEO"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In a recent analysis shared by Ki Young Ju, the CEO of CryptoQuant and a respected figure in the cryptocurrency analysis sphere, there\u2019s a measured optimism about Bitcoin\u2019s performance for the year. According to Ju, \u201cBitcoin could reach $112K this year driven by ETF inflows, worst-case $55K.\u201d<\/em><\/p>\n

Ju highlights the significant activity in the market, pointing out, \u201cBitcoin market has seen $9.5B in spot ETF inflows per month, potentially boosting the realized cap by $114B yearly.\u201d<\/em> This influx is crucial for the market\u2019s dynamics, suggesting a substantial influence on Bitcoin\u2019s valuation over the year. Despite potential setbacks, such as \u201cEven with $GBTC outflows, a $76B rise could elevate the realized cap from $451B to $527-565B,\u201d<\/em> indicating a strong resilience in the market\u2019s structure.<\/p>\n

The analysis also delves into historical data to forecast future movements. Ju notes, \u201cHistorically, $BTC market bottoms occur at an MVRV of 0.75 and tops at 3.9.\u201d<\/em> This historical perspective provides a foundational understanding of how market values might oscillate. Based on the current influx trends without the addition of market hype, Ju estimates, \u201cWith current spot ETF inflow trends, the top price could reach $104k-$112k.\u201d<\/em><\/p>\n

For a scenario devoid of any additional market excitement, Ju\u2019s analysis presents a grounded expectation: \u201cWithout hype, maintaining the current level of 2.07, the price would be $55-59k.\u201d<\/em><\/p>\n

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Another top crypto analyst, Micha\u00ebl van de Poppe, on Sunday made the case of\u00a0Bitcoin hitting price between $250,000 and $600,000<\/a>, considering that this cycle is set to distinguish itself from previous ones with the influx of institutional money.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) In a recent analysis shared by Ki Young Ju, the CEO of CryptoQuant and a respected figure in the cryptocurrency analysis sphere, there\u2019s a measured optimism about Bitcoin\u2019s performance for the year. According to Ju, \u201cBitcoin could reach $112K this year driven by ETF inflows, worst-case […]<\/p>\n","protected":false},"author":5,"featured_media":26118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26117"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26117"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26118"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}