The peak of this bull cycle may not be in the United States
Cryptoquant founder Ki Young Ju’s latest assessment: this cycle’s top will be driven by institutional funds and ETFs outside the U.S.
The reasoning is pretty realistic. South Korea still doesn’t have a spot Bitcoin ETF so far.
Retail investors can’t buy foreign spot ETFs. Most companies can’t even open exchange accounts.
South Korea has been gradually loosening restrictions: about 3,500 listed companies and qualified professional investors are included in the roadmap.
But financial firms and other businesses are still being kept out.
Once the gates are truly opened, that batch of capital will be the main incremental chunk.
He gave an analogy: the top signal for this cycle is when South Korean local bank staff begin recommending spot Bitcoin ETFs to grandmothers.
When even the vegetable-selling aunties get pitched, it means all the money that needed to come in has already come in.
In the U.S., spot ETFs were approved back in 2024—institutions already figured it out.
With the same script played out again in another market, the ammo is still fully loaded.
Supporting data also backs this logic. Globally, tokenized assets are at $38.6 billion, rising another 2.65% in one month.
Stablecoin liquidity is getting thicker, and the RWA track is being laid out wider—everything is paving the way for global capital to enter.
In every bull cycle: first insiders, then outsiders; first institutions, then the aunties.
The U.S. has finished Act One. The second act—where the rest of the world “tops up”—is just about to start.
Your ammunition: is it saved for South Korea, or for the next stop? Chat in the comments.
Click the profile picture to watch the livestream.
Every day, I’ll guide you through Bitcoin news hotspots—not just what’s happening, but also how to understand the underlying logic and opportunities 👉🦖
#比特币 #ETF
Cryptoquant founder Ki Young Ju’s latest assessment: this cycle’s top will be driven by institutional funds and ETFs outside the U.S.
The reasoning is pretty realistic. South Korea still doesn’t have a spot Bitcoin ETF so far.
Retail investors can’t buy foreign spot ETFs. Most companies can’t even open exchange accounts.
South Korea has been gradually loosening restrictions: about 3,500 listed companies and qualified professional investors are included in the roadmap.
But financial firms and other businesses are still being kept out.
Once the gates are truly opened, that batch of capital will be the main incremental chunk.
He gave an analogy: the top signal for this cycle is when South Korean local bank staff begin recommending spot Bitcoin ETFs to grandmothers.
When even the vegetable-selling aunties get pitched, it means all the money that needed to come in has already come in.
In the U.S., spot ETFs were approved back in 2024—institutions already figured it out.
With the same script played out again in another market, the ammo is still fully loaded.
Supporting data also backs this logic. Globally, tokenized assets are at $38.6 billion, rising another 2.65% in one month.
Stablecoin liquidity is getting thicker, and the RWA track is being laid out wider—everything is paving the way for global capital to enter.
In every bull cycle: first insiders, then outsiders; first institutions, then the aunties.
The U.S. has finished Act One. The second act—where the rest of the world “tops up”—is just about to start.
Your ammunition: is it saved for South Korea, or for the next stop? Chat in the comments.
Click the profile picture to watch the livestream.
Every day, I’ll guide you through Bitcoin news hotspots—not just what’s happening, but also how to understand the underlying logic and opportunities 👉🦖
#比特币 #ETF
