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CryptoQuant CEO Says US Institutional Confidence in Bitcoin Yet to Recover

Ki Young Ju notes that Coinbase’s persistent negative hourly Bitcoin premium indicates continued caution among U.S. institutional investors.

BTC

Summary

CryptoQuant CEO Ki Young Ju stated that it is premature to declare a full recovery of U.S. institutional confidence in Bitcoin. He cited Coinbase’s ongoing negative hourly Bitcoin premium as evidence of lingering skepticism within traditional financial institutions toward the cryptocurrency market.

Terms & Concepts
  • Bitcoin premium: The price difference between Bitcoin on one exchange and its market average, often used to gauge investor sentiment.
  • Coinbase: A major US-based cryptocurrency exchange offering trading, custody, and other digital asset services.
  • Institutional investor: Large organizations such as banks, hedge funds, or pension funds that invest substantial amounts in financial markets.