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

Bitcoin ETF Investors, Saylor Drive Stability Amid Volatility

As geopolitics and monetary policy uncertainty spook equities and traditional assets, Bitcoin has remained remarkably stable. The leading cryptocurrency has been trading between $75,000 and $88,000 for the past month and is showing signs of decoupling from the volatility that defines the broader markets. This tranquility, according to Bloomberg ETF analyst Eric Balchunas, is being driven by two unlikely sources: long-term Bitcoin ETF investors a…

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

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.…