Bitcoin ETF investors show no signs of leaving despite record losses

Bitcoin ETF investors have entered their largest period of unrealized losses since the products launched, according to Bitcoin quant analyst Frank. In a post on X, he shared a chart indicating the average purchase price for ETF investors is $82,000, while Bitcoin's current price stands at $68,000. Frank suggested that these investors do not seem to mind the losses, predicting that this week could see a large inflow of funds. He added that the bear market would likely be over before investors even get a call from their financial advisors. Commenting on the analysis, Bloomberg analyst Eric Balchunas noted that ETFs likely only account for 1% to 2% of these investors' portfolios and that their core stock holdings have probably performed well. He still described the resilience as impressive given the decline. Frank concluded that this trend shows the effectiveness of the advice to only invest an amount that would not affect one's portfolio if it went to zero, describing these investors as long-term holders.