BTC prices have continued to rise strongly in recent days, reaching a high of nearly $82,000 today, once again refreshing a record high, but CryptoQuant CEO Ki Young Ju is bearish, believing that by the end of this year, BTC may fall below $59,000 because the BTC futures market has overheated. (Synopsis: BTCV turned to break through $81,500 and hit a new high, Ethereum knocked $3,250 "long and short double kill" more than 210,000 people Get Liquidated) (Background supplement: BTC broke through 79,700 magnesium "knocking 80,000 U"! Micro-strategy BTC floating profit exceeded 10 billion magnesium) US Republican presidential candidate Trump won the election last week, the industry is generally optimistic, Trump administration will reduce regulatory pressure, promote cryptocurrency-friendly policies, seek to fulfill the campaign promise to make the United States a global cryptocurrency center, stimulate BTC prices to continue to rise strongly in recent days, soaring nearly $82,000 today, once again refreshing a new all-time high, the last 7 days have been big pump nearly 20%. CryptoQuant CEO warns Bear Market is coming However, CryptoQuant CEO Ki Young Ju recently posted a prediction that the price of BTC may be slightly below $59,000 by the end of the year, and he speculated that it will be $58,974, indicating that overheating in the futures market will be one of the main reasons for BTCbig dump: I expect that there will be a correction as the BTC futures market indicators overheat, but we are entering the price discovery phase, The market is heating up further. In the event of pullbacks and consolidation, the Bull Market may continue, however, in my opinion, a strong rally before the end of the year could set the stage for the Bear Market in 2025, and hopefully my prediction is wrong. I expected corrections as BTC futures market indicators overheated, but we're entering price discovery, and the market is heating up even more. If correction and consolidation occur, the bull run may extend; However, a strong year-end rally could set up 2025 for a bear market,... — Ki Young Ju (@ki_young_ju) November 10, 2024 Previously, Ki Young Ju released a prize solicitation on the 4th, opening CryptoQuant paying users to predict BTC quotes on Binance by the end of 2024, It was announced that a reward of 0.1 BTC will be offered for the closest prediction. Ki Young Ju shared a cyclical chart of BTC last week explaining why he made this prediction, noting that new investors often hold BTC during the Bear Market period and suffer losses, but after about two years, their BTC holdings change hands once the "maximum pain" phase subsides, and the current market environment is in line with this situation. Ki Young Ju believes that BTC could see a potential gain of 30-40% in this cycle, but he warns that it is unlikely to see BTC soar 368% and grow exponentially like it did in the last cycle from $16,000: In my opinion, it's time to consider gradual dumping, rather than buying at full strength. New investors often hold $BTC through bear markets, enduring losses. After about two years, it changes hands when pain eases. That time is now. It could go up +30-40% from here, but not like the +368% we saw from $16K. Time to consider gradual selling, not all-in buying, imo. pic.twitter.com/hXRT6YBsxS — Ki Young Ju (@ki_young_ju) November 6, 2024 Analysts are generally optimistic However, compared to Ki Young Ju bearish, the market is generally optimistic about the future. JP Morgan released a report last week, optimistic about the performance of BTC after Trump took office, believing that BTC will continue to benefit from the Republican victory in the US presidential election, and its price will continue to soar for at least eight weeks, pointing out that Trump has repeatedly expressed support for the digital asset industry and increased tariffs, both of which may ultimately benefit BTC. Standard Chartered Bank released an optimistic forecast that BTC will reach a new high of $125,000 at the end of this year and exceed $200,000 by the end of next year, pointing out that Trump's multiple cryptocurrency commitments, including the expulsion of SEC Chairman Gary Gensler, the inclusion of BTC in the national strategic reserve, and the building of the United States into a BTC superpower, will drive this rally. Alex Thorn, head of Galaxy Research, also believes that there are no signs of overheating in the market at present, and although the growth of open interest in BTC contracts sometimes raises market concerns about volatility, the current funding rate shows that traders are optimistic about BTC's prospects, and buyers are willing to pay fees to hold longsPosition. Related reports BTC fell sharply after rushing to 77,000 magnesium, and Ethereum rose above 3150 magnesium! Get Liquidated 291 million magnesium in a single day on the whole network, rich dad released BTCHoldings "73 pieces", and plans to increase the position to 100 pieces: the rise has not yet capped! CZ Reminder: Don't Be Greedy! BTC hit a new high for four days in a row, don't put eggs in the same basket "Bearish BTC! The CEO of CryptoQuant warned that "it fell below 59,000 magnesium" at the end of the year, and guessed the price to send 0.1 BTC" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".