Bitcoin Peak Driven by Global Institutional Demand and Stablecoin Liquidity
Cryptoquant CEO Ki Young Ju believes that Bitcoin's current bull cycle peak may be driven by institutional funds and ETF demand from outside the US. He points out that deeper stablecoin liquidity and tokenized asset infrastructure will expand global market participation.
According to Ki, Korea is an example of a country without a spot Bitcoin ETF available for individual investors. Most businesses also cannot open trading accounts to buy BTC ($78,012.00 · Live).
The Korean government has gradually opened up institutional participation, with the Financial Services Commission (FSC) roadmap covering around 3,500 listed companies and qualified professional investors. However, financial institutions and other enterprises are still excluded.
A survey by Strategy found that 32% of major institutions in Korea have adopted Bitcoin, evaluated through an index that includes trading, custody, digital asset products, financing, and enterprise participation.
RWA.xyz data shows that global tokenized assets' distributed value is $3.86 billion USD, up 2.65% from 30 days ago.