According to foreign media, Chief Executive Officer CriptoQuant Ki Young Ju recently suggested that bitcoin might need to absorb more than $1 trillion in additional funding if it were to experience another round of parabola rise. This statement is not a price projection, but a re-estimation of the financial needs under the current market.
Capital efficiency is shrinking.
Citing Ki Young Ju, the article states that about $2.7 billion in net inflows in 2011 had contributed to an increase in bitcoin of more than 5500 per cent, while in the current cycle, about $697 billion had been inflowed, with only about 689 per cent return. As the volume expands, there is a marked decline in the price-driven per unit of funds.
This judgement is based on the “realized market value” indicator. The indicator is calculated at the price of each of the last transfers of bitcoin in the chain, which is closer to the amount of money actually entering the market. By this calibre, the next round may require additional market value of over $1 trillion.
Increased power dependency on institutional configuration
According to the article, Ki Young Ju is not simply blind, but has changed at the stage of highlighting bitcoin. The early market, dominated by retail money, has made it difficult to push prices up fast in the same way as assets have expanded.
His core judgement is that retail trade and ETF funds alone may no longer be sufficient to sustain the next strong upturn. If the previous pattern is to be repeated, Bitcoin needs to move further into institutional and macro-asset allocation systems to become a longer-term holding asset.
Market differences at the trillion-dollar threshold
Proponents argue that a decline in capital efficiency is common when assets mature and does not necessarily mean an end to the top. The article mentions that the value of gold is about $27 trillion, much higher than bitcoin, which also means that there is room for growth if institutional configuration continues to expand.
Opponents believe, however, that the $1 trillion new funding threshold is not low, especially in the context of the weak financial performance of ETF and the partial flow of funds to equities and gold. According to the article, Bitcoin ETF had just experienced one of the weakest single-month performances in history, and despite a small rebound in early July, it was more than 50 per cent below the high point in October 2025.
The article concludes that the focus of the current debate is not on the decline in capital efficiency, but on the sustainability of institutional and macro finance. If the scale of the additional funding is insufficient, the future rate of return for bitcoin may continue to shrink; if the long-term allocation increases, the next round of strong positions may still emerge.