Ki Young Ju believes that the Bitcoin liquidity crisis will happen in September. But the next peak of the cycle will exceed the wildest forecasts, the businessman believes. The climax will come as soon as 3 million bitcoins are accumulated at the accumulating addresses, the expert is sure.
Last week alone, net inflows into Bitcoin ETFs exceeded 30,000 BTC.
According to the CryptoQuant platform, the balance of accumulating addresses is now 1.6 million bitcoins. Thus, only 1.4 million BTC remain available for Bitcoin ETFs, after which the supply reduction promised by Ki Young Jun will begin against the backdrop of continued demand.
Earlier, CryptoQuant analysts presented a report according to which the Bitcoin rate could reach $50,000-$53,000 at the beginning of 2024.
Source: Bits
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