Market Context and Fund Flow
In recent years, Bitcoin has remained the core asset in the cryptocurrency market, drawing significant attention from institutional investors. However, in 2025, despite massive inflows of capital, its price failed to rise as expected. CryptoQuant CEO Ki Young Ju has offered a detailed analysis of this phenomenon.
Why Inflows Failed to Drive Price Gains
Ki Young Ju explained that while Bitcoin saw an impressive $308 billion inflow in 2025, the market also experienced immense selling pressure. This ongoing outflow may stem from investor uncertainty about future market conditions or profit-taking by institutions.
Why the DAT Strategy Fell Short
The Digital Asset Reserve (DAT) strategy was once seen as a powerful tool to support market stability. However, in the current environment, factors such as weak market sentiment, liquidity constraints, and declining investor confidence have prevented the strategy from delivering its intended impact.
Looking Ahead
Although Bitcoin’s short-term performance has been disappointing, its long-term potential remains strong. With improvements in market infrastructure and a recovery in investor confidence, new upward momentum may emerge in the future.