{"id":71042,"date":"2026-02-05T14:46:37","date_gmt":"2026-02-05T14:46:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71042"},"modified":"2026-02-05T14:46:37","modified_gmt":"2026-02-05T14:46:37","slug":"bitcoin-plunges-below-70000-but-underwater-etf-buyers-havent-sold-yet","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71042","title":{"rendered":"Bitcoin Plunges Below $70,000, But Underwater ETF Buyers Haven&#8217;t Sold (Yet)"},"content":{"rendered":"<div>\n<p>Despite a sharp pullback in crypto prices, <strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) ETF investors have largely held their positions, signaling stronger conviction than many expected.<\/p>\n<h2 class=\"wp-block-heading\"><strong>\u2018ETF Buyers Are Just HODLing&#8217;<\/strong><\/h2>\n<p>In a <a href=\"https:\/\/x.com\/EricBalchunas\/status\/2019079756008800685\">post<\/a> on X on Wednesday, Bloomberg ETF analyst <strong>Eric Balchunas<\/strong> noted that even after Bitcoin&#8217;s roughly 40% drawdown, about 94% of assets in spot Bitcoin ETFs remain invested.<\/p>\n<p>The comment followed a discussion suggesting that recent selling pressure has come primarily from long-term OG whales rather than ETF holders, who appear to be \u201cjust HODLing.\u201d<\/p>\n<p><strong>Jim Bianco<\/strong> of Bianco Research added context, pointing out that the average Bitcoin ETF investor is now roughly 24% underwater, with unrealized losses approaching $11 billion. <\/p>\n<p>Still, the exchange underscored that current &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50411748\/bitcoin-plunges-below-70000-but-underwater-etf-buyers-havent-sold-yet?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" plunges below but underwater etf buyers haven sold>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite a sharp pullback in crypto prices, Bitcoin (CRYPTO: BTC) ETF investors have largely held their positions, signaling stronger conviction than many expected. \u2018ETF Buyers Are Just HODLing&#8217; In a post on X on Wednesday, Bloomberg ETF analyst Eric Balchunas noted that even after Bitcoin&#8217;s roughly 40% drawdown, about 94% of assets in spot Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71042","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71042"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71042\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}