How Much New Money Does Bitcoin Need to Start a Fresh Bull Run? (It's a Lot) | Bitcoin Social

CryptoQuant CEO Ki Young Ju said Bitcoin could still enter another major bull cycle, but the capital needed to produce a rally comparable to prior booms has risen dramatically. He warned that Bitcoin’s “capital efficiency” has declined as the asset matured, meaning the same level of demand may translate into less price impact than before. The article links this dynamic to broader market effects, including market impact, fundraising and adoption across crypto and DeFi. It frames the issue as a shift in how much net capital must flow into Bitcoin to generate large upside moves. Overall, the takeaway is that Bitcoin’s larger size and evolving market structure may require materially bigger inflows to restart a highly parabolic advance.