Ki Young Ju Predicts Bitcoin Growth of 3-5 Times

CEO of CryptoQuant, Ki Young Ju, believes that the current bullish cycle of Bitcoin is just beginning, with an expected growth of 3-5 times. He noted that the increasing share of institutional investors reduces the amplitude of asset fluctuations. Ju pointed to the influx of new capital, the cessation of sales by old whales, and the formation of large long positions by futures whales. The analyst emphasized that the market has changed, and now capitalization and institutional owners limit the potential for growth while also softening declines. Ju also highlighted the PnL index, which shows less extreme peaks and the formation of lows at higher profitability levels. He noted that the MVRV has not dropped below 1, indicating that the price of Bitcoin has remained above the average on-chain cost of the assets. The growth of realized capitalization indicates new capital, while old Bitcoin whales have stopped selling. Ju believes that less growth means lower risk of decline, making Bitcoin more attractive to long-term investors.

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