Bitcoin Shows Declining Capital Efficiency Across Cycles; Current Bull Run Attracted $697B for 689% Gain

BTC1.33%
According to CoinDesk citing CryptoQuant data, Bitcoin has demonstrated declining capital efficiency across successive bull-bear cycles. The current cycle since 2022 has attracted approximately $697 billion in net inflows but generated only 689% gains, compared to earlier cycles: the 2011 cycle saw about $2.8 billion drive 55,000% returns, the 2015 cycle saw approximately $69 billion generate 10,000% gains, and the 2018 cycle absorbed $365 billion for 2,000% returns.
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