CryptoCoinDeskabout 2 hours ago
Bitcoin needs $1 trillion for next rally
1 min read
Bitcoin's capital efficiency has fallen sharply across cycles. This cycle required $697 billion for a 689% gain, versus $2.8 billion for 55,000% in 2011. CryptoQuant data shows another parabolic run would need over $1 trillion in fresh institutional capital. Recent ETF outflows and bitcoin's $1.2 trillion market cap make such flows uncertain.
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