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The President of The ETF Store: 50% drawdowns are not uncommon for Bitcoin, and ETF investors are still bottom-fishing
Odaily Planet Daily reports that Nate Geraci, President of The ETF Store, stated that a 50% drawdown is not uncommon for long-term Bitcoin investors and may not be the last time it occurs.
He pointed out that despite the market experiencing significant declines, spot Bitcoin ETF investors have not shown obvious signs of panic, and fund flow data indicates that their attitude remains steady. Geraci believes that based on recent fund movements, some ETF investors prefer to buy the dip during pullbacks.