[Ki Young Ju: Early Bitcoin Traders Achieve Record High Unrealized Gains in This Cycle] CryptoQuant CEO Ki Young Ju stated that early Bitcoin traders have achieved the highest unrealized gains in history during this cycle. The market's buying power in this round comes from structural buying such as spot exchange-traded open-end index funds and digital asset inflows, rather than cryptocurrency exchange traders. This shift has driven Binance platform traders' unrealized profits to nearly three times the peak of 2021.