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TechFlow reports that on December 30, Chris Burniske, partner at Placeholder, noted in a post that although BTC prices have been volatile, pairs such as ETH/BTC, SOL/ETH, and SOL/BTC have remained strong. He believes this indicates the current market is not experiencing reduced risk appetite, but rather liquidity factors likely due to year-end institutional balance sheet rebalancing.
Placeholder partner Chris Burniske noted that while BTC prices fluctuated, trading pairs such as ETH/BTC, SOL/ETH, and SOL/BTC remained strong. He believes this indicates the current market is not driven by reduced risk appetite, but more likely by liquidity factors such as year-end institutional balance sheet rebalancing.
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