Ki Young Joo: “Institutional interest in Bitcoin is at a different level in this bull cycle”
According to analysts, over the past six months, Bitcoin’s capitalization has shown explosive growth precisely because of the massive participation of institutional investors. This is evidenced by the growth in the number of “short-term whales” on the market. At the same time, Ki Young Ju warns that there is already a lack of liquidity in the market.
“This cycle is different. Institutional funds have purchased $86 billion worth of Bitcoin over the past six months. BTC's liquid inventory ratio is at an all-time low. Liquidity on the part of sellers is significantly below historical levels in relation to the demand for bitcoins,” noted the head of CryptoQuant.
A few weeks ago, Ki Yong Joo said that the cryptocurrency market should prepare for a lack of BTC liquidity by the fall of this year.
