Expert Who Nailed The 2024 Bitcoin Top Issues New | Crypto News
CryptoQuant chief govt Ki Young Ju has revived a cycle-top debate with a recent model-based call that places Bitcoin’s higher sure at roughly $208,000 per coin. Sharing CryptoQuant’s “Price Prediction Based on Realized Cap” dashboard on X, Ki wrote: “Nobody cares about my calls anymore, but just saying I’m bullish on Bitcoin. Too much capital inflows onchain. Way too much.”
The post reprises his data-driven commentary from early 2024, when he argued that “#Bitcoin could reach $112K this year driven by ETF inflows, worst-case $55K.” That framework got here conspicuously close: Bitcoin went on to register a 2024 high above $108,000, narrowly under his $112,000 projection.
Why Bitcoin Price Could Top Above $208,000
The chart Ki revealed on September 18 visualizes three time sequence derived from CryptoQuant’s realized-cap methodology: the spot price of BTC (black), a model “ceiling_price” (pink) and a model “floor_price” (inexperienced).
As of 17 September 2025 (UTC), the panel annotated a spot marker at $116,453, a ceiling at $208,310 and a ground at $41,662, with the dashboard exhibiting it was “last run” two hours prior. In other phrases, the model at present locates Bitcoin nicely above its inferred ground and still materially below the band it treats as an overvaluation zone.
The implication of Ki’s share is just not a guarantee, but a assertion that, given prevailing on-chain capital inflows and the realized-cap construction, the market has room—by this metric—to prolong toward that $208,000 higher band.
Realized cap values the community by summing each coin at the price it last moved on-chain fairly than the current market price, a construction that tends to observe investor value foundation over time. CryptoQuant’s dashboard initiatives dynamic “floor” and “ceiling” bands around spots that, traditionally, have framed multi-year expansions and contractions.
Ki’s renewed bullishness ties those bands to what he describes as surging demand strain seen in settlement flows and ETF-linked capital migration onto the community. The continuity with his February 2024 be aware is express: then he cited exchange-traded product inflows as the dominant driver of an advance toward six figures; now he factors to “too much capital inflows onchain” while circulating a model that locations the ceiling close to $208,000.
It is noteworthy that Ki is just not presenting an open-ended forecast but fairly a model snapshot that updates with market construction. The same dashboard that prints a $208,310 ceiling today also marks the risk ground at $41,662, underscoring the unfold of outcomes the realized-cap method contemplates. His observe document with the $112,000 “this year” steerage—adopted by a print just above $108,000—will inevitably colour how merchants obtain the new post.
But the framing stays analytical: a data readout of where Bitcoin sits relative to its realized-value envelope after a 12 months and a half outlined by US spot ETF adoption and deepening institutional participation. For now, Ki’s message is simple and blunt—“I’m bullish on Bitcoin”—and anchored in the same on-chain lens he used 10 months forward of the 2024 peak.
Whether the market finally approaches the model’s $208,000 ceiling will rely on how those on-chain inflows evolve against macro liquidity, ETF and company treasury demand as nicely as miners’ provide habits. What his chart makes clear is that, by CryptoQuant’s realized-cap bands, Bitcoin has not yet examined the top of its statistical vary in this cycle.
At press time, BTC traded at $116,173.
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