Back then, 2.7 billion could drive a 550x pump; now, it takes 700 billion to get only 7x. BTC’s ship is getting heavier and heavier. Next parabolic curve will probably require trillion-level capital to push it.

BTC1.19%
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KingAlpha
How Much New Money Does Bitcoin Need to Start a Fresh Bull Run?
(It's a Lot)
CryptoQuants CEO Ki Young Ju says that Bitcoin may still have another parabolic cycle ahead, but it will likely require a considerable amount of institutional-scale capital inflows.
Bitcoin might still enter another major bull cycle, but the amount of money needed to fuel it has grown dramatically compared to previous bull markets, according to the CEO of CryptoQuant, Ki Young Ju.
In a recent thread, he argued that the cryptocurrency's capital efficiency has declined considerably as the asset has matured.
In 2011, he said, roughly $2.7 billion in net capital inflows was enough to drive a rally of more than 55,000%. In the current cycle, however, around $697 billion in inflows produced a return of slightly less than 700%.
The main takeaway is quite simple: Bitcoin is much larger now compared to before, and moving its price requires far more capital.
Bitcoin's Next Parabolic Move May Need
Trillions
Market cycles are interesting, and all of them, despite some similarities, are quite different.
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