CryptoQuant CEO Reveals Insider Information on ETFs and Historical Trends, Predicting Bitcoin’s Potential Surge to $112K

CryptoQuant CEO Ki Young Ju has presented a compelling analysis suggesting that Bitcoin has the potential to surge to $112,000 this year, with the driving force being the inflows from Exchange Traded Funds (ETFs). However, Ju also highlighted a worst-case scenario of $55,000, emphasizing the impact of spot ETF inflows on the cryptocurrency market.

In a series of insightful tweets, Ju emphasizes the crucial role of spot ETF inflows, projecting a monthly surge of $9.5 billion. This consistent influx has the power to significantly strengthen Bitcoin’s realized capitalization by an impressive $114 billion annually.

Despite the potential outflows from the Grayscale Bitcoin Trust (GBTC), Ju remains optimistic about Bitcoin’s resilience. He anticipates a notable increase of $76 billion, potentially raising the realized capitalization from the current $451 billion to a range between $527 billion and $565 billion.

It is worth noting that investment giant BlackRock holds a substantial amount of Bitcoin, with nearly 50,000 BTC totaling over $3.19 billion, through its ETF.

Taking historical data into account, Ju points out that Bitcoin market bottoms historically occur at a Market-Value-to-Realized-Value (MVRV) ratio of 0.75, while market tops are observed at a ratio of 3.9.

Looking ahead, Ju speculates that with the influx of funds from ETFs, Bitcoin’s price could potentially reach between $104,000 and $112,000. However, even in a less optimistic scenario, the price could still reach a respectable range of $55,000 to $59,000.

As Bitcoin’s price shows signs of movement after a period of stability, with a weekly gain of 12.58%, it is currently being traded at over $48,000. Furthermore, the trading volume of Bitcoin in the last 24 hours is increasing, reaching $20.65 billion.