Analysis: Bitcoin may need an additional $1 trillion in funding to enter the next bull market

According to CoinDesk, CryptoQuant data shows that Bitcoin exhibits a significant decrease in capital efficiency across historical bull and bear cycles. The 2011 cycle saw a net inflow of about $2.8 billion, driving Bitcoin up approximately 55,000%. The 2015 cycle had about $69 billion corresponding to an increase of about 10,000%. The 2018 cycle had about $365 billion corresponding to an increase of about 2,000%. The current cycle since 2022 has attracted about $697 billion in funds, but the increase is only about 689%.