Ki Young Ju: The peak of this bull market is driven by institutional funds and ETFs from outside the United States

Cryptoquant CEO Ki Young Ju stated that the peak of this bull market was driven by institutional funds and ETFs outside the United States. There are currently no spot Bitcoin ETFs in South Korea, and retail investors cannot purchase foreign ETFs. Companies cannot open exchange accounts to purchase Bitcoin. The popularity of Bitcoin is currently concentrated in the United States, and the next stage is global institutionalization, accompanied by more sufficient stablecoin liquidity and the establishment of RWA mechanisms. More institutions will hold Bitcoin as a strategic asset, and many countries lacking ETFs will also have easier access to Bitcoin.