Ki Young Ju, CEO of CryptoQuant, has acknowledged that his earlier bearish stance on Bitcoin was inaccurate. The easing of BTC selling pressure and substantial ETF-led institutional investments underline this correction.
Impact of Institutional Inflows on Bitcoin Market
Ki Young Ju noted significant changes in Bitcoin's market dynamics due to increased institutional investments, primarily through ETFs. The influence of large individual investors (whales) on the market has diminished considerably.
Bitcoin Sees Price Rise Amid Institutional Support
Bitcoin (BTC) holds a market dominance of 63.22%, with a price of $104,178.12 and a market capitalization of $2.07 trillion as of 07:49 UTC on May 9, 2025. BTC's value marked a 4.91% rise over 24 hours.
Change in Market Dynamics and New Predictions
Ki Young Ju emphasizes that his previous prediction about the end of Bitcoin's bull cycle was incorrect. New data shows that BTC selling pressure is easing, while institutional funds such as ETFs are significantly altering the market structure.
Thus, the current dynamics of institutional investments point to potential changes in market cycles and suggest further strengthening of Bitcoin as a potential asset.
