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The latest capital efficiency news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks capital efficiency across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.

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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