{"id":127444,"date":"2025-04-18T05:17:05","date_gmt":"2025-04-18T05:17:05","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127444"},"modified":"2025-04-18T05:17:05","modified_gmt":"2025-04-18T05:17:05","slug":"saylor-etf-investors-stronger-hands-help-stabilize-bitcoin-analyst","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127444","title":{"rendered":"Saylor, ETF investors\u2019 \u2018stronger hands\u2019 help stabilize Bitcoin \u2014 Analyst"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin\u2019s relatively stable price movements despite macroeconomic uncertainty is likely due to resilient spot Bitcoin ETF holders and Michael Saylor\u2019s firm continuing to buy aggressively, according to a Bloomberg analyst.<br \/>\n\u201cThe ETFs and Saylor have been buying up all \u2018dumps\u2019 from the tourists, FTX refugees, GBTC discounters, legal unlocks, govt confiscations and Lord knows who else,\u201d Bloomberg ETF analyst Eric Balchunas said in an April 16 X post.<br \/>\nBitcoin ETF holders hold despite market volatility<br \/>\nBalchunas pointed out that spot Bitcoin (BTC) ETFs have attracted $131.04 million over the past 30 days and are up $2.4 billion since Jan. 1. Balchunas called this \u201cimpressive,\u201d noting it helps explain why Bitcoin has \u201cbeen relatively stable.\u201d<br \/>\n\u201cIts owners are more stable,\u201d Balchunas said. Balchunas said Bitcoin ETF investors have \u201cmuch stronger hands than most people think.\u201d He said this \u201cshould\u201d increase the stability and lower Bitcoin\u2019s volatility and correlation in the long term.\u00a0<br \/>\nAs of April 16, Bitcoin ETFs saw a total of $131.04 million in inflows over the past 30 days. Source: Eric BalchunasSaylor\u2019s firm, Strategy, made its latest Bitcoin purchase on April 14, acquiring 3,459 BTC for $285.5 million at an average price of $82,618 per coin. According to Saylor Tracker, Strategy holds 531,644 Bitcoin at the time of publication.<br \/>\nThe Bitcoin Volatility Index, which measures Bitcoin\u2019s volatility over the previous 30 days, is at 1.80% at the time of publication, according to Bitbo data. At the time of publication, Bitcoin is trading at $84,610, according to CoinMarketCap data.\u00a0<br \/>\nOver the past 30 days, Bitcoin has traded between $75,000 and $88,000 amid macroeconomic uncertainty primarily driven by US President Donald Trump\u2019s imposed tariffs and ongoing questions about the future of US interest rates.\u00a0<br \/>\nDespite this, Bitcoin has remained above its previous all-time high of $73,679, first surpassed in November.<br \/>\nBitcoin is trading at $84,610 at the time of publication. Source: CoinMarketCapParticipants in the broader financial market have also expressed surprise at Bitcoin\u2019s relative strength in recent times, particularly in comparison to the S&amp;P 500.<br \/>\nStock market commentator Dividend Hero told his 203,200 X followers on April 5, after Trump\u2019s \u201cLiberation Day,\u201d that he has \u201chated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.\u201d<br \/>\nRelated: When gold price hits new highs, history shows \u2018Bitcoin follows\u2019 within 150 days \u2014 Analyst<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-stability-michael-saylor-etf-investors-eric-balchunas?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin\u2019s relatively stable price movements despite macroeconomic uncertainty is likely due to resilient spot Bitcoin ETF holders and Michael Saylor\u2019s firm continuing to buy aggressively, according to a&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127444"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127444"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127444\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127444"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}