Odaily Planet Daily News CryptoQuant founder and CEO Ki Young Ju posted on the X platform that this round of cycles is different, and the source of funds is different. Spot Bitcoin ETFs currently account for a quarter of the total spot trading volume, which means that new funds entering the market are more mature than ever before, and I believe there will be more mature funds in the future. Mature funds usually have diamond hands. There are still many institutional capitals waiting to enter the field, and the channel is now open for them.