Crypto Quant founder: Bitcoin could reach $112,000 this year driven by inflows into ETFs
Crypto Quant founder Ki Young Ju claimed on social media that with the push of ETF inflows, Bitcoin could reach $112,000 this year, with a worst-case scenario of $55,000. The monthly spot ETF inflow in the Bitcoin market is $9.5 billion, which could increase the annual realized cap by $114 billion. Even with outflows from GBTC, a growth of $76 billion would raise the realized cap from $451 billion to $527-565 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: In the past 24 hours, CEX saw a net outflow of 19,541.03 BTC
The altcoin season index remains at a low level, currently at 22.
By the end of December, approximately 1.5 million ETH will be unstaked.
A trader's $6.5 million MON long position was liquidated, resulting in a loss of $1.9 million.
Trending news
MoreCrypto prices
More
