The chief executive of crypto intelligence firm CryptoQuant is identifying one catalyst that could send Bitcoin (BTC) to a $1 million price tag. In a new thread on the social media platform X, Ki Young Ju says that by the time the top crypto asset by market cap reaches $1 million, it will have overtaken […]
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The chief executive of blockchain intelligence platform CryptoQuant says a structural shift in the accumulation of Bitcoin (BTC) is the culprit behind a delayed altseason. On-chain analyst Ki Young Ju tells his 379,400 followers on the social media platform X that the primary drivers of the current Bitcoin rally are entities not interested in loading […]
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Investors rotate into altcoins along a risk curve, starting with large-cap assets and eventually migrating into riskier low-cap coins.
CryptoQuant founder and CEO Ki Young Ju recently argued that altcoin season — a period of rapidly appreciating altcoin prices typically following a Bitcoin (BTC) bull market — will require new capital injections from retail traders to commence.
The quantitative analyst wrote that institutional money is already tied up within exchange-traded funds, and the institutional investors, who own crypto indirectly through investment vehicles, are unlikely to rotate gains from blue-chip assets like BTC or Ethereum (ETH) into altcoins. Ju wrote:
"Altcoins should focus on developing independent strategies to attract new capital rather than relying on Bitcoin's momentum," the analyst concluded while clarifying that he is still "bullish" on altcoins.
Despite recent price corrections, Bitcoin's valuation metrics still indicate a bull cycle ahead.
Bitcoin’s valuation metrics suggest the bull market is far from over and could be setting the stage for even further highs. With no signs of overvaluation typically seen at price peaks, analysts are eyeing a current potential target of $146,000 in this cycle.
In a Nov. 27 report, research firm CryptoQuant notes that the value held by new Bitcoin (BTC) holders still lags behind previous cycle levels. Holdings of new investors currently sit just above 50% of the total invested in the cryptocurrency, while in previous market tops, such as 2017 and 2021, it was at over 90% and 80%, respectively.
New investors’ holdings value is below previous bull cycles. Source: CryptoQuant
Ki Young Ju, the CEO of analytics firm CryptoQuant says that signs of retail participation in the Bitcoin (BTC) bull market are getting stronger. Ju tells his 369,000 followers on the social media platform X that sub-$100,000 transactions on the Bitcoin blockchain have spiked, implying that smaller retail entities are starting to form positions in […]
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Analysts continue to forecast a Bitcoin price target anywhere between $140,000-$500,000 during the current market cycle.
CryptoQuant founder and CEO Ki Young Ju has revised earlier price predictions and is now projecting a $135,000 Bitcoin (BTC) price ceiling, with a 2024 price target of $112,000, in his latest quantitative analysis of Bitcoin's price action.
The CEO explained that capital flows into the Bitcoin market, including those from exchange-traded funds and products, support these price predictions. Ju indicated that these are "current" projections — a signal that the forecast is subject to change. The CEO also offered a word of caution to traders:
Ju recently warned market speculators and investors that the BTC-USDt (USDT) perpetual market was overleveraged by approximately 2.7 times more than in early 2024. Liquidations of leveraged long positions place downward pressure on Bitcoin's price, and cascading liquidations can significantly pull back the price.
A crypto analyst reiterates that "some of these" Bitcoiners have been “here for many years,” and $90,000 is the “first target” for profit-taking.
Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto analyst.
In a Nov. 16 market report, CryptoQuant contributor Percival noted that Bitcoin (BTC) long-term holders (LTH) — addresses holding BTC for 155 days or more — “do not see $90K as an enemy” and are engaging in profit-taking. Before breaking its $73,800 all-time high from March on Nov. 5, Bitcoin’s price had consolidated between $53,000 and $72,000 for almost seven months.
At the time of publication, Bitcoin is trading at $89,945, according to CoinMarketCap data.
The chief executive of digital asset insights firm CryptoQuant says stablecoins are witnessing increased adoption via use-case expansion. CryptoQuant’s Ki Young Ju tells his 368,500 followers on the social media platform X that the total market cap of stablecoins is exploding for reasons other than digital asset trading on exchanges. The on-chain analyst’s data shows […]
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Bitcoin is approaching an all-time high, with demand from exchange-traded funds (ETFs) driving its current rally, according to a recent analysis from Cryptoquant. Bitcoin Nears All-Time High as ETF Demand Intensifies, Cryptoquant Reports Bitcoin’s price is trading near its previous peak, hovering around $71,800 to $72,000 as of late October, largely driven by a sharp […]
Despite its recent price rally, search interest for “Bitcoin” on Google is still generating only a fraction of the traffic that “AI” has over the last week.
Bitcoin is nearing an all-time high, yet analysts say retail investors are showing no more interest than usual.
“Bitcoin is on the verge of breaking all-time highs, and retail interest is still almost non-existent,” crypto analyst Miles Deutscher said in an Oct. 29 post on X.
Bitcoin (BTC) came within spitting distance of notching a new all-time high on Oct. 29, briefly touching $73,562, but has since cooled off to a price of $72,300 at the time of publication, per CoinGecko data.
