According to Julian Kwan, institutions at a conference outlined four current options for deploying BTC, offering a snapshot of how capital is positioned in the Bitcoin yield landscape for traders to benchmark strategies, source: Julian Kwan, X, Sep 1, 2025. Option 1: Hold BTC and earn 0% yield, which he says represents about 95% of the entire BTC market, source: Julian Kwan, X, Sep 1, 2025. Option 2: Stake into BTCFi and earn altcoin rewards, signaling a path where returns are denominated in non-BTC tokens, source: Julian Kwan, X, Sep 1, 2025. Option 3: Borrow USDT against BTC, with the post noting this path but not providing full details in the visible excerpt, source: Julian Kwan, X, Sep 1, 2025. The post references a fourth path for BTC deployment, but it is not shown in the provided excerpt, source: Julian Kwan, X, Sep 1, 2025.