PANews February 24 News, according to Cointelegraph, EMJ Capital founder Eric Jackson stated that current Bitcoin ETF investors are experiencing “institutional exit,” but this is not the end of the Bitcoin bull market, rather a “purification” process. In the future, long-term capital held by sovereign wealth funds, corporate treasuries, and pension funds will take over for decades.
Jackson pointed out that since the 2021 bull market, institutions have become the “marginal buyers” in the current crypto cycle, while retail investors have flocked into tech stocks. Bitcoin is currently declining in tandem with the iShares Expanded Tech-Software Sector ETF (IGV), acting more like a “high-beta tech position with a different label” rather than a store of value. Spot Bitcoin ETFs continue to see net outflows, and combined with Bitcoin’s decline since October last year, market sentiment has worsened. However, he believes that after each cycle eliminates weaker players, longer-term capital replaces them. The next phase will involve sovereign wealth funds, corporate treasuries, and pension capital, which do not rebalance quarterly, are unrelated to IGV, and hold assets for decades rather than cycles. Jackson stated that the key bullish signals will be the recovery of stablecoin supply and the end of IGV selling pressure.
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
Bitcoin at $68K triggers nearly $400M in crypto liquidations.
Bitcoin (BTC) traded just below the $69,000 mark as traders braced for a pivotal weekly candle close, with prices hovering near the long-term line around $68,300. After a weekend slide, the setup underscores a tug-of-war between a fragile near-term outlook and the possibility of a contrarian move, e
CryptoBreaking3m ago
Bitcoin Options Signal Fear Amid Subdued BTC ETF Outflows
Bitcoin traded in a narrow range near $70,000 on Friday after a stumble to reclaim the $75,000 level earlier in the week. The back-to-back sessions of net outflows from U.S.-listed spot Bitcoin ETFs cooled a recent run of inflows, prompting traders to reassess whether institutions are turning more c
CryptoBreaking8m ago
BTC Drops 0.58% in 15 Minutes: Tight Liquidity and Institutional Hedging Create Downward Pressure
2026-03-22 21:00 to 21:15 (UTC), BTC recorded a -0.58% return within just 15 minutes, with prices fluctuating in the range of 67562.1 to 68223.5 USDT, with an amplitude of 0.97%. During this period, market sentiment was highly tense, overall attention increased, and short-term volatility accelerated noticeably.
The main driving force behind this anomaly was the resonance formed by spot market liquidity shortage and medium-sized funds accelerating their exit. On-chain data shows a significant net outflow of -371.99 BTC in the $100k-$1M transaction range, driving selling
GateNews32m ago
BTC drops below 68,000 USDT
Gate News bot message: Gate market data shows BTC falling below 68,000 USDT, current price 67,937.9 USDT.
CryptoRadar44m ago
Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck
Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.
Decrypt47m ago
