Saylor, ETF investors’ ‘stronger hands’ help stabilize Bitcoin — Analyst

Quick Summary:

Bitcoin’s relatively stable price movements despite macroeconomic uncertainty is likely due to resilient spot Bitcoin ETF holders and Michael Saylor’s firm continuing to buy aggressively, according to a Bloomberg analyst.“The ETFs and Saylor have been buying up all ‘dumps’ from the tourists, FTX refugees, GBTC discounters, legal unlocks, govt confiscations and Lord knows who else,” Bloomberg ETF analyst Eric Balchunas said in an April 16 X post.

Stock market commentator Dividend Hero told his 203,200 X followers on April 5, after Trump’s “Liberation Day,” that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”Related: When gold price hits new highs, history shows ‘Bitcoin follows’ within 150 days — AnalystThis article does not contain investment advice or recommendations.

Balchunas said Bitcoin ETF investors have “much stronger hands than most people think.” He said this “should” increase the stability and lower Bitcoin’s volatility and correlation in the long term. As of April 16, Bitcoin ETFs saw a total of $131.04 million in inflows over the past 30 days.

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Article Details

Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets: United States

Topics: Stable Publication According Time Analyst Volatility Bitcoin’s Balchunas Days Bitcoin April

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 05:39:28 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27972148

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