CryptoQuant CEO predicts Bitcoin may end year under $59k due to overheated futures market
According to CryptoQuant CEO Ki Young Ju, Bitcoin may experience a year-end drop below $59,000 due to an overheated futures market. Ki expects Bitcoin to close the year at $58,974 and is offering 0.1 BTC to the person with the closest prediction. Despite record levels of open interest on Bitcoin derivatives, Collective Shift CEO Ben Simpson believes a pullback to $58,000 is unlikely due to increasing demand and a strong market structure. The price of Bitcoin has surged 17.3% in the last seven days, reaching a new all-time high of $81,570 on Nov. 10.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Best Crypto to Invest in May 2025? Qubetics Leads Interoperability While Monero and XRP Reinforce Use Case Strength
Discover why Qubetics, Monero, and XRP are the best crypto to invest in May 2025 for privacy, interoperability, and institutional momentum.Qubetics ($TICS): Redefining Interoperability for Global Blockchain UtilityQubetics Crypto Presale and ROI OutlookMonero (XMR): Championing Privacy and Network ResilienceXRP: Positioned for Institutional AccelerationFinal Thoughts
Cryptocurrency liquidations surpass $1,1 billion after surge in Ethereum, Bitcoin and Solana
BlackRock and SEC discuss staking and options in crypto ETFs
Pectra Update Raises Ethereum Staking Limit Without Threatening Decentralization, Says Consensys
Trending news
MoreCrypto prices
More
