ChainCatcher message, Bitget CEO Gracy Chen was invited to attend an interview with Bloomberg TV. In the interview, Gracy mentioned that Bitcoin fluctuates around the $100,000 mark, reflecting a strong 'arbitrage' sentiment in the short-term market. She pointed out that especially some whale users who started building their positions in 2022 have an average holding cost of only about $20,000. Although future cryptocurrency regulations in the United States may become more lenient, the related uncertainties remain important considerations for investors, and some investors choose to cash out at the current price level.
At the same time, Bitcoin's recent performance has provided more opportunities for altcoins. However, regarding the rumors circulating in the market that 'DOGE, SOL, and other altcoin ETFs may soon be approved,' she believes there are still multiple challenges. First, the approval order issue; based on the experience of Bitcoin and Ethereum ETFs' approval, the mainstream market typically first approves futures ETFs, followed by spot ETFs of the related assets, but these altcoins' futures ETFs have not yet been approved. Second, regulatory divergence; some regulatory agencies still dispute whether tokens like SOL are considered securities, which may affect the approval process. Third, the risk of market manipulation; most altcoins are not as decentralized as BTC and ETH, making the possibility of market manipulation relatively higher.
