Key Points
- Market risk appetite reduction could further decrease Bitcoin’s price, according to CryptoQuant experts.
- CryptoQuant CEO, Ki Young Ju, believes Bitcoin will continue to rise, dismissing bear market predictions for 2025.
CryptoQuant experts have suggested that a decrease in market risk appetite could lead to a further drop in the price of Bitcoin. This conclusion was drawn using the Inter-Exchange Flow Pulse (IFP) as a basis.
The IFP is an indicator that signals a bullish period when traders move a significant amount of Bitcoin to derivative exchanges, likely to open long positions in the market. Conversely, if Bitcoin moves from derivative platforms to spot exchanges, the IFP signals the start of a bear period.
Bitcoin’s Future Price Movements
This usually occurs when long positions are closed and large investors, also known as whales, reduce their risk exposure, according to Maarten, a community analyst for CryptoQuant.
CryptoQuant CEO Ki Young Ju expressed skepticism about a bear market in 2025 in a post on X. He noted that in previous cycles, the bull market persisted even with a 30% drop from the all-time high. He personally believes that the bull market will continue even if the price drops from $110,000 to $77,000.
Young Ju highlighted the importance of Bitcoin ETFs for sustaining a market rally. He noted that as long as more money is flowing into Bitcoin ETFs than is leaving, the rally can continue.
Views on Bitcoin
Coinbase CEO Brian Armstrong shared a new perspective on Bitcoin, likening it to a meme coin. He noted that even Bitcoin could be considered somewhat a meme coin, as the sector faces intense scrutiny following the collapse of the LIBRA token.
Armstrong, who is not personally a meme coin trader, acknowledged their cultural significance. He reminded that meme coins have been around since the early days of crypto, with Dogecoin remaining one of the most popular assets to this day.
Famous trader Peter Brandt pointed out a crucial condition that should be met for Bitcoin to rise to the $200,000 price level and above. He shared a chart that shows the Bitcoin price since 2012 and the curve of the parabolic resistance line at every price peak, followed by a significant correction.
Brandt believes that unless Bitcoin can break through the upper parabolic resistance line, it is very unlikely to trade above $200K by the end of this decade.
SkyBridge Capital founder and CEO Anthony Scaramucci is more optimistic about Bitcoin’s price. He stated in an interview with Saxo Bank that Bitcoin could hit the $200,000 price level by the end of 2025, with a US reserve for the crypto also playing a role in such changes.
Scaramucci also expressed belief in Trump’s promise to build a strategic Bitcoin reserve in the US. He expects by the end of 2025 there will be a “framework for it”.
According to a report by analysts at Bernstein, setting up the Bitcoin reserve will not be simple. The major question was raised regarding which US government agency will be responsible for purchasing and managing the Bitcoin treasury.
They suggested that the Federal Reserve or the US Treasury could take this role. Experts pointed out that if the Federal Reserve gets involved, it would need approval from lawmakers, making the process more complicated.
Since the beginning of the year, Bitcoin has been trading in the range of $90,000 to $110,000. On January 20, Bitcoin hit an all-time high of $109,114. The Crypto Fear & Greed Index has recently been fluctuating at 40-55, a significant drop from January’s peak of 76.
