A prominent cryptocurrency analytics firm’s manager has confirmed the ongoing rise in the Bitcoin 
$97,504 market. Ki Young Ju indicated that the demand for exchange-traded funds (ETFs) trading in the spot market continues, with major investors taking steps to strengthen their positions.
Bitcoin Market Analysis
Ki Young Ju emphasizes that Bitcoin has yet to reach a peak in its current upward trend. According to his statement, a market cycle peak is anticipated due to a decrease in demand. Following these remarks, Bitcoin’s current value is reported to be approximately $99,669.
Ki Young Ju stated, “The Bitcoin bull cycle is not yet complete. The paper Bitcoin acquisition engine is still active. A decline occurred two months after GBTC inflows halted in 2021. Until ETF, MSTR, and corporate purchasing slow down, there is no need to rush in evaluating the peak differently.”
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