BlockBeats News, January 29 — “BTC OG Insider Whale” agent Garrett Jin posted an article on social media stating that Bitcoin and Ethereum have recently underperformed other risk assets, mainly due to the market still being in the tail end of the de-leverage cycle and microstructural issues in the crypto market, rather than a deterioration in fundamentals.
He pointed out that the large-scale de-leverage cleanup since October last year has wiped out high-leverage retail funds, while AI concept stocks and precious metals have absorbed a large amount of speculative capital; the participation of professional institutions in the crypto market remains low, making it susceptible to short-term narratives and dominated by some exchanges, market makers, and speculative funds.
Garrett emphasized that over a 6-year cycle, BTC and ETH still outperform most assets, and their current performance resembles mean reversion within a long-term trend. As the regulatory environment improves, liquidity margins loosen, and futures trading volume approaches historic lows, the de-leverage process for BTC and ETH may be nearing its end.
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
BTC holding structure sees its largest divergence in a decade, with exchange whale ratios exceeding 60%
As individual investors exit at the same time, institutions are continuing to buy in a steady rhythm, and Bitcoin’s holding structure is being rewritten.
InstantTrends21m ago
A CEX’s trading volume over the past 24 hours reached $865 million, with XRP, BTC, and ONT leading the way in the top three positions
According to CoinGecko data, on April 3, a certain CEX had trading volume of $865 million; the top five tokens were XRP, BTC, ONT, USDT, and ETH, with XRP having the highest trading volume at 13.81%.
GateNews24m ago
Over the past 24 hours, the entire market was liquidated across the web to the tune of $248 million, with long liquidations totaling approximately $125 million.
Gate News update: On April 3, according to CoinAnk data, over the past 24 hours, liquidations across the entire market totaled $248 million, including approximately $125 million liquidated from long positions and approximately $123 million liquidated from short positions. By coin, Bitcoin liquidations were about $48.13 million, and Ethereum liquidations were about $28.34 million.
GateNews34m ago
2.8 万 BTC options expire today, with a notional value of $1.8 billion
On April 3, Greeks.live data showed that BTC and ETH options expiration conditions were weak. BTC options market share was above 80%, and rebuilding market confidence will require time and funding support.
GateNews39m ago
