CryptoQuant Says Bitcoin Bull Run Requires Greater Institutional Allocations

Spot Bitcoin ETFs have broadened access for traditional capital, but CryptoQuant founder Ki Young Ju says retail and ETF demand alone will not be enough to recreate a parabolic bull run. A more durable, large-scale influx of capital would require companies, funds and asset managers to increase their allocations.

As of July 19, 2026, Ki Young Ju identified a key threshold: Bitcoin could still begin its next sharp rally if it absorbs more than $1 trillion in fresh capital, increasing its realized capitalization. His latest assessment shifts the market's focus from short-term ETF flows to the actual scale of allocations on institutional balance sheets.