The next crypto bull run may need over $1 trillion to happen 🤔

That's the estimate analysts now put on it, and the reason why sits in how much each cycle has quietly cost. CryptoQuant ran the numbers on what every run actually consumed:

2011: ~$2.8B of net inflows → ~55,000% return
2018: ~$365B → ~2,000%
This cycle: $697B → 689%

The pattern is brutal in its simplicity. Two hundred times more capital, a fraction of the return. Each move up now takes more fuel to travel less distance.

That's the price of a bigger market. Scale brings depth and stability, but it also means the moves that made early crypto legendary are arithmetically harder to repeat. A $2T asset class doesn't 50x on retail enthusiasm.

Which reframes what a "bull market" even is going forward. Less about a vertical line, more about whether the infrastructure can hold enough weight for that kind of money to show up at all.

So when do you think the next bull market will happen?👇