Bitcoin Tops $85,000 as CryptoQuant CEO Warns Investors About 2025 Market Risks

BE[IN]CRYPTO11-12

Bitcoin price has climb above $84,000 today, but the market is now in extreme greed, suggesting that a drawdown could be close. Crypto Quant CEO Ki Young Ju and analyst Michaël van de Poppe agree that...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Tops $85,000 as CryptoQuant CEO Warns Investors About 2025 Market Risks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/bitcoin-price-correction-looms-after-rally/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin price has climb above $84,000 today, but the market is now in extreme greed, suggesting that a drawdown could be close.\nCrypto Quant CEO Ki Young Ju and analyst Michaël van de Poppe agree that...</p>\n\n<a href=\"https://beincrypto.com/bitcoin-price-correction-looms-after-rally/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://beincrypto.com/bitcoin-price-correction-looms-after-rally/","article_id":"2482075145","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/01/bic_Extreme_Fear_bear-covers-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482075145","pubTimestamp":1731348000,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Bitcoin price has climb above $84,000 today, but the market is now in extreme greed, suggesting that a drawdown could be close.Crypto Quant CEO Ki Young Ju and analyst Michal van de Poppe agree that BTC's price could drop due to the overheated condition.Exchange withdrawals have exceeded $3 billion while US investors have continued to buy, though analysis suggest possible retracement.Bitcoin’s  price has once again hit a new all-time high today, rallying above $85,000 briefly for the first time ever. Following this development, the broader market has turned extremely bullish, with some analysts saying that a Bitcoin price correction might not be far away.This also comes amid growing predictions that BTC could surge to $100,000 by the end of the year. What’s really happening right now?Despite CryptoQuant CEO’s opinion, the Coinbase Premium Index has shown a notable increase. This index","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","ISBC":"投资者银行","BK4588":"碎股","RSI":"Rush Street Interactive, Inc.","BTC":"Grayscale Bitcoin Mini Trust","BK4211":"区域性银行","BK4150":"赌场与赌博","FOMO":"FOMO ETF"},"translate_title":"CryptoQuant首席执行官警告投资者2025年市场风险，比特币股价突破85,000美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"FOMO":1,"ISBC":1,"RSI":1},"content_text":"Bitcoin price has climb above $84,000 today, but the market is now in extreme greed, suggesting that a drawdown could be close.\nCrypto Quant CEO Ki Young Ju and analyst Michaël van de Poppe agree that BTC's price could drop due to the overheated condition.\nExchange withdrawals have exceeded $3 billion while US investors have continued to buy, though analysis suggest possible retracement.\n\nBitcoin’s (BTC) price has once again hit a new all-time high today, rallying above $85,000 briefly for the first time ever. Following this development, the broader market has turned extremely bullish, with some analysts saying that a Bitcoin price correction might not be far away.\nThis also comes amid growing predictions that BTC could surge to $100,000 by the end of the year.  What’s really happening right now?\nBitcoin’s Impressive Performance Leads to Greed\nOver the last seven days, Bitcoin’s price has increased by nearly 20%. This price increase was due to Donald Trump’s sweeping victory in the US elections on November 5. The significant rise in institutional appetite for BTC could also be linked to the cryptocurrency’s jump to a new all-time high.\nTo determine whether Bitcoin could climb higher or if we’ve hit a local top, it’s crucial to spot whether the market is extremely greedy or in fear. According to Glassnode, the Bitcoin fear and greed index has hit the extreme greed level. Created by Alternative.me, this metric measures investor sentiment in a single number by aggregating data from multiple sources.\nRanging from 0 to 100, values close to 0 signify “extreme fear,” reflecting heightened negative sentiment. In most cases, this region indicates an almost perfect accumulation point. On the other hand, a score of 100 or close to it represents “extreme greed,” indicating maximum Fear of Missing Out (FOMO). If sustained, this position, as seen above, could lead Bitcoin’s price to a correction phase. \nBitcoin Fear and Greed Index. Source: Glassnode \nYear-to-date, the last time the index hit such a level, BTC’s price collapsed weeks later and went on a long correction and consolidation phase. Therefore, if past performance influences recent events, BTC could be close to retracement.\nInterestingly, this development coincides with a warning by CryptoQuant CEO Ki Young Ju. On Sunday, November 10, Young Ju posted that the BTC price prediction at the end of the year could be much lower, at $58,974. He also mentioned that the seemingly overheated market could lead to a Bitcoin price correction in 2025.\n\n“I expected corrections as BTC futures market indicators overheated, but we’re entering price discovery, and the market is heating up even more.  If correction and consolidation occur, the bull run may extend; however, a strong year-end rally could set up 2025 for a bear market,” Ki Young Ju emphasized on X. \n\nInvestors Continue to Buy, but Analyst Advises Caution\nDespite CryptoQuant CEO’s opinion, the Coinbase Premium Index has shown a notable increase. This index measures the activity of US investors. High premium values might indicate strong buying pressure from US investors on Coinbase.\nConversely, a low value might suggest high selling pressure. Therefore, since the current reading suggests otherwise, Bitcoin’s price might continue to climb.\nBitcoin Coinbase Premium Index. Source: CryptoQuant \nFurthermore, Glassnode data shows that the BTC balance on exchanges has significantly decreased.  The balance on exchanges is the total number of coins held in exchange addresses.\nWhen it increases, it means that many holders are prepared to sell, which could lead to a drawdown. Based on the data above, Bitcoin holders have withdrawn nearly 40,000 BTC from exchanges since November 5.\nAt the current price, this is worth over $3 billion. If sustained, then a Bitcoin price correction might not happen in the short term. Instead, the cryptocurrency’s price might continue to rise.\nBitcoin Balance on Exchanges. Source: Glassnode \nCrypto analyst Michaël van de Poppe, like Young Ju, also pointed out that the significant increase in futures positions could push Bitcoin’s price down initially before the uptrend resumes.\n\n“Massive futures positions are open and I think we’ll see a flush happening in the coming week before we continue the upward trend.These flushes are tremendous opportunities,” van de Poppe said.\n\nBTC Price Prediction: RSI Steps Into Overbought Zone\nBitcoin is currently priced at $84,760, and the daily chart shows the cryptocurrency trading above both the 20-day and 50-day Exponential Moving Averages (EMAs). Being above these levels suggests that Bitcoin’s trend is bullish. \nHowever, the Relative Strength Index (RSI), which measures momentum, has seen its reading rise above 70.00. Typically, when the RSI is below 30.00, it is oversold. But since it is above 70.00, it means BTC is overbought.\nBitcoin Daily Analysis. Source: TradingView\nHence, there is a chance that Bitcoin’s price could undergo a quick correction. If that happens, then the cryptocurrency could drop to $76,571. On the other hand, if bulls do not give bears any breathing space as things stand, this might not happen. Instead, BTC might rally above $86,000 and get closer to $100,000.\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nWirex App\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nWirex App\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482075145"}