Placeholder partner: Market risk appetite has not weakened, declined or was affected by liquidity factors at the end of the year

Chris Burniske, a partner at Placeholder, wrote on the X platform: "Although BTC is playing with fire, ETHBTC, SOLETH and SOLBTC are still performing well. This makes me think it is not a sign of weakening market risk appetite, but more likely due to liquidity factors at the end of the year, people are sorting out their books for 2024."