Analysis: Bitcoin ETF investors seem to be buying the dip, with no signs of panic during the pullback.

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On February 27, Nate Geraci, President of The ETF Store, stated, “ETF investors have shown ‘diamond hands’ characteristics during the recent Bitcoin decline. Since Bitcoin hit a record high in early October, spot Bitcoin ETFs have experienced approximately $6.5 billion in outflows. However, compared to the roughly $55 billion of net inflows since January 2024, this outflow is just a drop in the bucket. In the past three days, there has been over $1 billion in net inflows again. For long-term Bitcoin investors, a 50% retracement is almost commonplace. But from the current situation, even new ETF investors don’t seem to be panicking. This isn’t Bitcoin’s first 50% drop, and it likely won’t be the last. Clearly, ETF investors are not engaging in panic selling. On the contrary, they seem to be buying the dip.”

BTC-1.97%
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