Bloomberg Analyst: “The Era of Bitcoin ‘God Candles’ is Over!”, What Does It Mean?

Jakarta, Pintu News – The Bitcoin (BTC) market is entering a new era with predictions that the God Candle-a large price spike in a short period of time-will become a rare phenomenon. Bloomberg analyst Eric Balchunas revealed that with the adoption of spot ETFs and increased corporate adoption, Bitcoin’s volatility will decrease, although the price is predicted to continue rising steadily.

Check out the full analysis in this article!

Post-ETF Market Changes

Eric Balchunas emphasized that the spot ETF approval was a watershed moment for Bitcoin. Since BlackRock launched IBIT, Bitcoin has risen 250%, but with lower volatility and less deep corrections. This marks a significant change in Bitcoin’s market dynamics, from the era before ETFs (BE) to the era after ETFs (AE).

This analysis shows that the Bitcoin market will stabilize over time. The emergence of ETFs has changed the way investors view Bitcoin. With more organized and accessible products, it is now easier for institutional investors to get involved in the crypto market.

This means that the steady flow of funds from institutional investors will continue to push the price of Bitcoin upwards, albeit without the drastic price spikes that it has had in the past.

Read also: Galaxy CEO: “Ethereum has the potential to outperform Bitcoin!”

Price Prediction Increases

Analysts from Citigroup predict that Bitcoin could reach $199,000 before the end of this year, driven by fund flows into ETFs. The report suggests that every additional $1 billion in ETF fund flows could increase the asset’s price by 3.6%.

With BlackRock’s IBIT estimated at $100 billion in assets under management (AUM), the potential upside for Bitcoin price seems very significant. In addition, companies adding Bitcoin to their coffers is also expected to push the price higher.

However, Scott Melker notes that the arrival of these institutional players has also triggered some early Bitcoin holders to sell their holdings, which could affect market dynamics.

Read also: Ethereum Investment and Interest Rate Policy: Latest Highlights from BlackRock

Long-term Impact on Volatility

Although large price spikes may become less frequent, the Bitcoin market is expected to become more mature and stable. This reduction in volatility will hopefully attract more long-term investors who may have previously been hesitant to enter the market due to extreme price fluctuations.

This stability could also help Bitcoin become more accepted as a mainstream investment asset. This reduction in volatility benefits not only large investors, but also retail investors who are looking for a more stable asset for their portfolio.

With the reduced risk of sharp price drops, Bitcoin may come to be seen as a safer and more predictable investment option.

Conclusion

The new era of Bitcoin promises more stable growth and less volatility, a development that could bring more institutional and retail investors into the market. While the God Candle may be a distant memory, Bitcoin’s long-term prospects remain bright with growing support from conventional financial products such as ETFs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Bitcoin’s Era of ‘God Candles’ is Over, Bloomberg Analyst Warns. Accessed on July 27, 2025
• Featured Image: Generated by AI