털리는 건 늘 개인뿐인가… 온체인데이터에 찍힌 기관들의 조용한 폭풍 매집 | 서동주, 김동환, 김준우 쟁글 대표 [크립토PLUS]

Summary

Institutional investors are quietly accumulating Bitcoin and Ethereum while retail sentiment remains weak. On-chain data and ETF flows indicate an early bull phase driven by institutions. The US is rapidly advancing crypto regulation and products, but Korea risks falling behind.

• The gap between institutional and retail sentiment in crypto is widening, with institutions actively accumulating.
• On-chain data shows wallets holding 100-1000 BTC increasing, indicating institutional accumulation.
• Bitcoin ETF inflows are the most impactful indicator of institutional demand.
• Ethereum's ecosystem total value is in a bull market despite stagnant ETH price, suggesting undervaluation.
• US regulatory progress (SEC, CFTC) and new products like volatility indexes are accelerating institutional entry.
• Korea's regulatory lag may cause capital outflows as US-based crypto products become more accessible.
• Retail investors are overly focused on altcoin underperformance, missing the institutional-driven Bitcoin uptrend.
• Tokenized real-world assets and stablecoins could bring massive capital into crypto markets.