The Milk Road Show Bitcoin to $140k in June? 7 Charts That Back It Up w/ CryptoQuant Head of Research Julio Moreno
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May 21, 2025 Julio Moreno, Head of Research at CryptoQuant, dives into the intricate workings of Bitcoin and Ethereum, sharing insights from 7 compelling charts. He discusses Bitcoin's recent market resurgence amidst volatility and geopolitical impacts influencing demand. Julio highlights shifting sentiments, noting whale investors driving market recovery, while assessing if the Bitcoin market is overheated. He also emphasizes Ethereum's undervaluation and the emerging narratives in the crypto landscape, fueled by institutional interest and DeFi growth.
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Tariffs Drove Crypto Demand Fluctuations
- Tariff talks created significant uncertainty and market volatility earlier this year.
- As tariffs clarified and delayed, crypto demand, especially Bitcoin, has rebounded strongly.
Whales Accumulate Bitcoin Post-Tariff
- Whales have been accumulating Bitcoin steadily in 2024 despite short-term turbulence.
- Their resumed buying aligns with gaining clarity on tariff issues, signaling confidence in market recovery.
No Overheating Despite Price Gains
- Trader unrealized profit margins indicate the market is not yet overheated despite price rises.
- The current profit margin of about 25% contrasts with previous peaks over 40%, signaling room for more upside.