Bitcoin Seeks Trillion-Dollar Inflows for Next Parabolic Move

CryptoQuant's CEO Ki Young Ju believes Bitcoin may still have another parabolic cycle ahead, but it will likely require a significant amount of institutional-scale capital inflows.

In comparison to previous bull markets, the amount of money needed to fuel another rally has grown dramatically. In 2011, around $2.7 billion in net capital inflows was enough to drive a rally of more than 55,000%. However, in the current cycle, approximately $697 billion in inflows produced a return of slightly less than 700%.

This means that Bitcoin is much larger now compared to before, and moving its price requires far more capital. According to Ju, in 2011, only $5 million in net inflows was enough to double BTC's price. In this cycle, that figure increased to roughly $101 billion.

Ju believes that the next parabolic run would likely require trillions of dollars in net capital inflows. He also framed the issue in terms of Bitcoin's realized capitalization, which values each coin based on the price at which it last moved on-chain rather than simply multiplying the current spot price by its circulating supply.