CryptoQuant 创始人：本轮比特币牛市顶部或由美国以外的机构资金和 ETF 推动
深潮 TechFlow 消息，8 月 30 日，据 Bitcoin.com 报道，CryptoQuant 创始人兼 CEO Ki Young Ju 表示，本轮比特币牛市的顶部可能由美国以外的机构资金和 ETF 需求推动。他认为，目前比特币采用主要由美国市场驱动，下一阶段可能转向全球机构化，并伴随更深的稳定币流动性和 RWA 基础设施发展。Ki Young Ju 以韩国为例指出，当地目前尚无现货比特币 ETF，散户也无法购买海外上市的现货比特币 ETF，多数企业仍无法通过交易所账户购买 BTC。他预计，未来更多机构将把 BTC 作为战略资产持有，而目前仍缺乏 ETF 的国家也将逐步改善投资渠道。Ki Young Ju 表示，当韩国地方银行的银行职员开始向老年储户推荐现货比特币 ETF 时，可能意味着本轮周期接近顶部。
CryptoQuant founder: this Bitcoin cycle top may be driven by non-US institutional money and ETFs
TechFlow, Aug 30: Bitcoin.com reports CryptoQuant founder and CEO Ki Young Ju said the top of this Bitcoin bull market may be driven by institutional money and ETF demand outside the US. Adoption is currently US-led, but the next phase could shift to global institutionalization with deeper stablecoin liquidity and RWA infrastructure. Citing Korea, where no spot Bitcoin ETF exists locally and retail cannot buy overseas-listed ones, he expects more institutions to hold BTC as a strategic asset and ETF access to improve. His tell for the top: when Korean local bank tellers start recommending spot Bitcoin ETFs to elderly savers.