CryptoQuant CEO Ki Young Ju said that this bull market cycle in the crypto market is different from the previous ones.
Ki Young Ju, one of the important figures in the crypto market, made striking statements in his social media post dated March 27.
Implying that the current bull market is different from the previous ones, Young Ju indicated institutional inflows. Young Ju stated that in the past 6 months, $86 billion in inflows came into the market by institutional funds and emphasized that such an inflow had not occurred in previous bull markets. According to the data shared by Ju, institutional inflows reached $94.3 billion in the big picture.
While expressing that this influx from the institutional side could bring the crypto market, especially Bitcoin, to very high levels, in addition to his post, he also referred to the influence of BlackRock and MicroStrategy in the shared graph:
This cycle is different. $86 billion of institutional funds entered the Bitcoin market in the last 6 months.
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