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CryptoQuant CEO: Due to the overheat of the futures market, the year-end price of BTC may fall below $59,000.
Odaily Planet Daily News - Ki Young Ju, CEO of CryptoQuant, believes that the price of BTC at the end of the year may be slightly lower than $59,000, and points out that the overheated futures market is one of the main reasons for the big dump at the end of the year. Ki recently posted on X, expressing his expectation that the price of BTC will fall to $58,974 by the end of the year, while asking others for their views on the year-end price, and adding that he will pay 0.1 BTC to the person whose answer is closest. He said, "I expect the BTC futures market indicators to be overheated, so there will be an adjustment, but we are entering the price discovery phase, and the market is heating up further. If there is a pullback and consolidation, the Bull Market may continue; however, in my opinion, a big dump at the end of the year may lay the groundwork for a Bear Market in 2025. I hope my prediction is wrong."