CryptoQuant CEO: Bitcoin to rise 3–5x this cycle, not 10x
- —Ki Young Ju expects BTC to gain 3–5x this cycle instead of a 10x parabolic rally
- —MVRV has not dropped below 1 this cycle, putting the bottom above average cost basis
- —Realized cap is rising, signaling fresh capital entering the Bitcoin market
- —OG whale selling has stopped, with large players building longs near lows
Why it matters: If Bitcoin's volatility keeps compressing, the asset moves closer to functioning as money and becomes more attractive to long-term institutional capital.
Source: Blockmedia