When Will Bitcoin Recover

The outlook for Bitcoin hinges on whether capital inflows and institutional adoption can reignite another parabolic bull market, even as capital efficiency declines, according to a Crypto Quant analyst cited in the report. The analyst said larger inflows are needed to drive price gains, and that the current cycle could require significantly more investment than previous ones. A key driver for the next major rally is expected to be deeper institutional adoption, shifting Bitcoin toward being a core macro asset rather than being primarily driven by retail activity or ETF flows. Market participants will monitor whether institutional allocations keep growing. The article also notes that Bitcoin’s market value remains well below gold’s roughly $27 trillion market capitalization.