Ki Young Ju: BTC bull run possible with institutional capital inflow

Bitcoin could be poised for another parabolic bull cycle, according to CryptoQuant CEO Ki Young Ju. He noted on X that while this is possible, capital efficiency has declined compared to the past. In 2011, an inflow of $2.7 billion led to a 55,436% price increase, whereas the current cycle has seen a $697 billion inflow yield a return of only 689%. Consequently, large-scale capital allocation from institutional investors will be the key factor for the next bull market, he said. Ki Young Ju emphasized that Bitcoin must establish itself as a global macroeconomic asset rather than remaining merely an ETF investment target for retail investors. This transition is still in its early stages, and its potential remains intact, he added. He concluded that if Bitcoin can absorb over $1 trillion in funds based on its Realized Cap, the possibility of a parabolic bull run remains.