Bitcoin Needs More Capital for Smaller Gains, CryptoQuant CEO Says

CryptoQuant Chief Executive Ki Young Ju said Bitcoin’s larger market size means it now takes significantly more capital to generate relatively smaller price increases. According to NS3.AI, he framed the shift as a structural change in how Bitcoin moves compared with earlier market cycles. Supporting data cited from Santiment indicates Bitcoin exchange-traded funds have recorded nearly $10 billion in outflows since early May, highlighting a period of net withdrawals from those products. Ju’s comments suggest that as Bitcoin’s market grows, incremental price appreciation may become harder to achieve without substantial new inflows, while the reported ETF outflows point to reduced demand through that channel over the same period.