{"id":245990,"date":"2024-02-12T21:13:55","date_gmt":"2024-02-12T15:43:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=245990"},"modified":"2024-02-12T21:13:55","modified_gmt":"2024-02-12T15:43:55","slug":"cryptoquant-ceo-sees-bitcoin-rallying-above-100000-on-the-back-of-etf-inflows-heres-his-timeline-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cryptoquant-ceo-sees-bitcoin-rallying-above-100000-on-the-back-of-etf-inflows-heres-his-timeline-crypto-news\/","title":{"rendered":"CryptoQuant CEO Sees Bitcoin Rallying Above $100,000 on the Back of ETF Inflows \u2013 Here\u2019s His Timeline – Crypto News"},"content":{"rendered":"

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The co-founder and CEO of market intelligence firm CryptoQuant thinks that Bitcoin exchange-traded funds (ETF) inflows could propel BTC<\/a> to a new all-time high in the coming months.<\/p>\n

Ki Young Ju tells his 332,900 followers on the social media platform X that in a bullish scenario, he sees Bitcoin surging above $100,000 by the end of 2024.<\/p>\n

The analyst bases his prediction on two metrics: BTC ETF inflows and Bitcoin\u2019s realized cap, an on-chain metric that attempts to provide a better estimate of the crypto king\u2019s market capitalization by eliminating long-lost and unclaimed coins in the calculation.<\/p>\n

Using BTC\u2019s realized cap, the CryptoQuant CEO identifies the potential ceiling and floor prices for Bitcoin this year.<\/p>\n

\u201cBitcoin could reach $112,000 this year driven by ETF inflows, worst-case $55,000.\u201d\u00a0<\/em><\/p>\n

Source: Ki Young Ju\/X<\/a><\/figcaption><\/figure>\n

Looking closer at the on-chain metric, Ki Young Ju says Bitcoin\u2019s realized cap currently sits at $451 billion. But he says ETF inflows could push BTC\u2019s realized cap to more than half a trillion dollars.<\/p>\n

\u201c[The] Bitcoin market has seen $9.5 billion in spot ETF inflows per month, potentially boosting the realized cap by $114 billion yearly.<\/em><\/p>\n

Even with GBTC (Grayscale Bitcoin Trust) outflows, a $76 billion rise could elevate the realized cap from $451 billion to $527-$565 billion\u2026<\/em><\/p>\n

With current spot ETF inflow trends, the top price could reach $104,000-$112,000.\u201d\u00a0<\/em><\/p>\n

\"Image\"
Source: Ki Young Ju\/X<\/a><\/figcaption><\/figure>\n

At time of writing, Bitcoin is trading for $48,378, up nearly 2% in the last 24 hours.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The co-founder and CEO of market intelligence firm CryptoQuant thinks that Bitcoin exchange-traded funds (ETF) inflows could propel BTC to a new all-time high in the coming months. Ki Young Ju tells his 332,900 followers on the social media platform X that in a bullish scenario, he sees Bitcoin surging above $100,000 by the end […]<\/p>\n","protected":false},"author":2,"featured_media":142733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-245990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/245990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=245990"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/245990\/revisions"}],"predecessor-version":[{"id":245996,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/245990\/revisions\/245996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/142733"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=245990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=245990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=245990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}