Tag: balchunas

ETF Investors Held Firm in BTC Crash, HOLDlers Had Paper Hands: Analyst

The post ETF Investors Held Firm in BTC Crash, HOLDlers Had Paper Hands: Analyst appeared com. Bitcoin exchange-traded funds (ETFs) saw less than $1 billion in outflows following the historic crypto market crash in October that caused a 20% decline in BTC’s price, according to senior Bloomberg ETF analyst Eric Balchunas. The ETFs broke a six-day outflow streak on Thursday, recording about $240 million in capital inflows, Balchunas said, sharing a chart that showed net outflows of about $722 million over the past month. “Told y’all the ETF-using boomers are no joke. So who’s been selling? To quote that horror movie, ‘Ma’am, the call is coming from inside the house,’” Balchunas said. October’s historic market crash wiped away about $20 billion in leveraged crypto bets within 24 hours, marking the worst crypto liquidation event in history and denting crypto prices to the point of forcing downward revisions of price forecasts from several investment companies. Related: Bitcoin bulls retreat as spot BTC ETF outflows deepen and macro fears grow Long-term HODLers are selling while ETF investors show interest in crypto Long-term Bitcoin holders, those who have held BTC for 155 days or more, dumped 405, 000 BTC, valued at over $41. 3 billion at the time of this writing, according to CryptoQuant analyst Maartunn. Net change in long-term Bitcoin holdings 2022-2025. “ETFs are slow money. RIAs, pensions, and 401(k)s buy rules, not rumors. They rebalance, they average in. Traders puke, basis traders unwind, perps cascade,” author Shanaka Anslem Perera wrote on X. Capital inflows.