Odaily Planet Daily reported that senior ETF analyst Eric Balchunas from Bloomberg posted on X platform that his previous assessment that the investor structure of Bitcoin ETFs would be stronger than market expectations still largely holds. However, his earlier expectation that ETF capital would reduce market volatility has been proven wrong. Eric Balchunas stated that he initially believed retail ETF funds would replace high-risk retail investors before the FTX incident, thereby enhancing market stability. However, he did not fully consider the selling pressure caused by early holders (OG) reducing their positions at high levels. He also pointed out that Bitcoin’s approximately 450% increase over two years is itself a potential risk signal, as rapid gains are often accompanied by high volatility. Therefore, Bitcoin’s high volatility and high-risk asset attributes are expected to persist in the foreseeable future.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analysts: March CPI print already baked into BTC price
The February CPI data came in broadly as anticipated, reinforcing that higher inflation remains a factor but not a surprise driver for markets. Analysts at 21Shares argued that the macro picture had already priced in the March print, shifting attention to how the Federal Reserve would respond. The
CryptoBreaking11m ago
Bitcoin Hits $69K Triggering $192M Liquidations As Traders Eye Next Move
_Bitcoin moved to $69K liquidated $103M in short positions within a $192M total market wipeout._
_Key liquidity clusters now sit between $66K–$69K and $71K–$74K creating a balanced market setup._
_Traders monitor whether BTC holds above $69K or targets lower liquidity near $66K._
Bitcoi
LiveBTCNews51m ago
