CryptoQuant CEO: BTC currently unpumpable

Bitcoin is currently in a state where it would be difficult to spark a rally even with a large influx of capital, according to CryptoQuant CEO Ki Young Ju. He explained on X that in 2024, a $10 billion capital inflow increased Bitcoin's book value by $26 billion. In contrast, last year saw an inflow of $308 billion, yet the market capitalization decreased by $98 billion. Ju stated that the overall market selling pressure is too great for the simple formula of "inflows equal price gains" to hold true. He added that in such an environment, strategies like corporate buying or Digital Asset Treasury (DAT) plans are unlikely to be effective until the market shifts back into a state where it can be pumped.