BTC $62,484.54 -1.34%
ETH $1,780.70 -1.50%
BNB $569.19 -0.46%
XRP $1.06 -1.26%
SOL $74.98 -1.79%
TRX $0.3240 -2.12%
DOGE $0.0717 -1.34%
ADA $0.1572 -1.85%
BCH $232.60 -2.71%
LINK $7.91 -0.84%
HYPE $63.17 -5.68%
AAVE $95.50 -0.37%
SUI $0.7228 -1.09%
XLM $0.1790 -2.57%
ZEC $498.19 -4.79%
BTC $62,484.54 -1.34%
ETH $1,780.70 -1.50%
BNB $569.19 -0.46%
XRP $1.06 -1.26%
SOL $74.98 -1.79%
TRX $0.3240 -2.12%
DOGE $0.0717 -1.34%
ADA $0.1572 -1.85%
BCH $232.60 -2.71%
LINK $7.91 -0.84%
HYPE $63.17 -5.68%
AAVE $95.50 -0.37%
SUI $0.7228 -1.09%
XLM $0.1790 -2.57%
ZEC $498.19 -4.79%

CryptoQuant CEO: If BTC breaks through $100,000, it will enter the price discovery phase, and profits may further increase

2024-12-03 08:19:46
Collection

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X: "In the past 30 days, MicroStrategy (MSTR) spent $13.5 billion to buy 149,900 BTC, and the value of their holdings has increased by $21.5 billion.

The Bitcoin market cannot absorb tens of billions of dollars in the short term without driving up prices, so returns are almost inevitable. If BTC breaks through $100,000, then as it enters the price discovery phase, gains could further increase."

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