Bitcoin ETFs Flows Will Trigger BTC Prices to $112K in 2024

Adekunle Joshua

According to CryptoQuant, the on-chain data provider, Bitcoin prices could reach $112,000 this year if spot ETF inflows continue

CEO Ki Young Ju anticipates a "worst-case" scenario of $55,000, citing inflows' impact on market cap and valuation ratios

With $9.5B monthly spot ETF inflows, Bitcoin's realized cap could hit $114B annually, even with $GBTC outflows

Ki predicts a rise from $451B to $527-565B, suggesting the potential for a significant price increase

These projections highlight the impact of ETF inflows on Bitcoin's market dynamics.

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