Bitcoin: Cryptoquant Predicts that the Peak of the Bull Run Will Occur Outside of the US

Cryptoquant founder Ki Young Ju predicts that the peak of the current Bitcoin bull market cycle will not originate in the United States, but rather through international institutional capital and global ETF adoption. While US spot Bitcoin ETFs have attracted approximately $57 billion within two years, significant untapped upside remains across foreign markets that still face strict regulatory barriers, such as South Korea, where spot crypto products and corporate trading access remain heavily restricted. Simultaneously, international adoption continues to expand into traditional banking systems. In Russia, the country's largest lender, Sberbank, which serves over 100 million customers, plans to accept Bitcoin, Ethereum, and USDT as loan collateral starting September 1 under updated digital asset regulations. This structural pivot toward integrating digital assets as standard banking collateral demonstrates that institutional crypto demand and long-term liquidity drivers are diversifying far beyond American regulatory and financial hubs.