According to Blockware BTC analyst Mitchell Escue, Bitcoin (BTC) will no longer experience the “permanent” price rallies or “destructive” bear markets, as the BTC exchange-traded funds (ETFs) have permanently reduced the dynamics of the market.
“BTC/USD looks like two completely different -different assets before and after ETF,” analyst wrote On Friday. The chart he shared showed a sharp decrease in price volatility after the launch of Bitcoin ETF in the United States of January 2024. The analyst said:
“The days of the market bull markets and the disastrous bear markets are over. BTC is going $ 1 million through a consistent oscillation between ‘pump’ and ‘consolidated’ over the next 10 years. It will kill everyone on the way and remove tourists out of their positions.”
Senior Bloomberg ETF Analyst Eric Balchunas wrote Low volatility has helped bitcoin “also attracting big fish and has given it a chance to adopt it as a currency.” The tradeoff for this is that there will probably be no other “God candles”, the analyst said.
The influences of bitcoin ETFs on market dynamics continue by market analysts, as the investment vehicle forwards traditional finance, institutional investors and digital asset markets.
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Bitcoin ETF Crypto is changing market dynamics
Bitcoin ETF is the CCW Capital in traditional investment vehicles that currently lack in-in-the-off redemption and place the fund of-chain.
From being away from capital, it can prevent rotation in ultCin, which Crypto investors have come to expect from previous market cycles.
https://www.youtube.com/watch?v=2sonoeg6WC8
In July, the net flow in bitcoin ETFs crossed a $ 50 billion mark, although the increase of capital in bitcoin has not translated to an increase in onchain activity.
According to analysts, retail investors are shifting to bitcoin ETFs and are receiving exposure through traditional financial instruments organized by a fund manager or any other financial instruments on their behalf, instead of keeping the BTC straight straight, according to analysts.
The demand for products such as Paper BTC and Blokrock’s bitcoin ETF has inspired the asset manager to accumulate 3% of the total supply of bitcoin, which has increased concerns about centralization between some market participants.
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