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
Gate Research Institute: The Perpetualization of TradFi Assets and the Systematic Layering Advantages of Gate's Macro Perpetual Contracts
Against the backdrop of increased macro volatility and cross-market linkages in 2026, Gate has split macro trading into two complementary paths and embedded them into account infrastructure: Gate TradFi (MT5 + CFD) offers a professional entry point closer to traditional rules and cost structures, while Gate Macro Perpetual Contracts settle in USDT and incorporate stocks, metals, indices, forex, and commodities into a unified margin and risk management framework within contract accounts. As of February 11, Gate has launched over 70 macro perpetual contracts covering five major asset classes; at the mechanism level, Price-Hold handles pricing continuity during market closures, and supports parallel long and short positions within the same market, as well as a mix of full and isolated margin positions, and independent leverage settings for isolated longs and shorts in a sub-account mode, thereby enhancing the executability of hedging, position adjustments, and strategy reuse.
GateResearch18m ago
BTC drops below 67,000 USDT
Gate News bot message, Gate market display, BTC drops below 67,000 USDT, current price 66,992.6 USDT.
CryptoRadar37m ago
BlackRock Loads Up $767M in Bitcoin — Institutions Step In Big
BlackRock's significant Bitcoin ETF inflows show growing institutional confidence, indicating a shift in market behavior amid geopolitical tensions. While retail investors panic, institutions accumulate BTC for long-term gains, potentially setting the stage for future market trends.
Coinfomania38m ago
Michael Saylor Declares End of Bear Market, Sees $1M Bitcoin
Michael Saylor asserts Bitcoin's bull market will persist, predicting it could reach $1 million due to increased institutional demand and fixed supply. Despite his optimism, critics caution against historical market volatility and risks.
Coinfomania45m ago
