CDS Crypto News CryptoQuant CEO Claims Bitcoin Price Could See 112K Dollars
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CryptoQuant CEO Claims Bitcoin Price Could See 112K Dollars

Analysts commented that the Bitcoin price could see 112k dollars this month.

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CryptoQuant CEO Claims Bitcoin Price Could See $112K

Crypto News – On-chain analytics firm CryptoQuant said on Sunday that Bitcoin prices may reach $112,000 this year if ETF-related inflows continue.

CryptoQuant CEO Claims Bitcoin Price Could See 112K Dollars

CEO Ki Young Ju stated on X that the worst case for Bitcoin was at least $55,000, representing a gain of almost 15% over Monday’s pricing.

Bitcoin market has seen $9.5B in spot ETF inflows per month, potentially boosting the realized cap by $114B yearly. Even with $GBTC outflows, a $76B rise could elevate the realized cap from $451B to $527-565B.

Ki

Based on how inflows affected the market capitalization of bitcoin and a ratio that has historically shown whether prices were “undervalued” or “overvalued,” the targets were set.

Bitcoin Could Hit a Record High

According to Ki, a ratio that tracks the market capitalization of Bitcoin divided by realized capitalization may indicate that the price of Bitcoin peaked between $104,000 and $112,000. At those prices, the ratio would approach 3.9, which has historically indicated a peak in price.

CryptoQuant CEO Claims Bitcoin Price Could See 112K Dollars
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