Deep Tide TechFlow news, July 01, CryptoQuant CEO stated that Bitcoin capital efficiency continues to decline—in 2011, only $5 million net inflow could double the price, while this cycle requires about $101 billion to achieve the same effect. He believes that the next parabolic bull market cycle may require trillions of dollars in net capital inflows, and Bitcoin must transition from a retail-dominated ETF trading to a core macro asset. If Bitcoin's realized market cap can break $1 trillion, the next bull market could still occur, while gold's current market cap is $27 trillion, leaving considerable room for growth in comparison.

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