CryptoQuant Founder: BTC Cycle Peak May Be Driven by Global Institutions and ETFs

This framing shifts the focus from classic retail-driven peaks to institutional and ETF-led flows, which historically behave differently in terms of velocity and volatility. If accurate, it implies the cycle's top may be less about speculative frenzy and more about sustained capital allocation, potentially smoothing out sharp corrections. The key question is whether institutional demand remains sticky enough to extend the cycle's duration, or if a withdrawal of these flows could trigger a slower, more drawn-out downturn. Watch for ETF inflow trends and institutional positioning as the primary signals.