CryptoQuant founder and CEO Ki Young Ju posted on platform X, saying: "Due to the overheating of Bitcoin futures market indicators, it is expected that there will be a market adjustment. However, Bitcoin is currently entering a price discovery phase and the market is heating up further. If adjustments and consolidation occur, the bull market may continue; however, in my view, a strong rebound at the end of the year could lay the groundwork for a bear market in 2025."