According to online reports, CryptoQuant CEO Ki Young Ju said in a post on X: "The Bitcoin market does not seem to have reached the level of a bubble. Compared with the cumulative on-chain capital inflows, the market value has not increased significantly. Based on the current realized market value, BTC may rise to US$141,000. The realized market value is growing steadily every day. The realized market value measures the total capital flowing into the Bitcoin market. This is calculated by adding the value of all bitcoins to the price they last moved on the chain. Historically, market values in bull markets have often exceeded realized market values, peaking as retail investors join in. In a bear market, market values usually fall below realized market values."