BloFin CEO: ETFs and corporate treasuries may soften future Bitcoin drawdowns
- —US spot ETFs hold roughly 1.3 million BTC, flat since January
- —Current Bitcoin drawdown is 53% versus 77–85% in prior cycles
- —Average ETF cost basis is $81,500; corporate treasuries $80,200
- —Hu says tokenized equities are pulling speculative capital from altcoins
Why it matters: If long-term holders stay put, Bitcoin corrections may be shallower, but capital rotating into tokenized assets could keep altcoins under pressure.
Source: BeInCrypto UA
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