PANews reported on November 17 that Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform that his previous prediction of a short-term adjustment in the crypto market was wrong, but he was not suggesting a bear market at the time, he just believed that the market would adjust.

Ki Young Ju said that now we are in a bull market, Bitcoin will rise, and based on the cumulative capital flowing into the Bitcoin market, the current price ceiling seems to be $135,000.