0xResearch State of the Crypto Markets | Livestream
Nov 3, 2025
James Christoph, a seasoned analyst with insights into traditional finance and crypto markets, joins the discussion on the recent crypto market sell-off. He shares his successful shorting strategy amid volatility and dives into whether ETF flows are influencing long-term holder behavior. Christoph highlights the operational benefits of tokenized funds, including transparency and streamlined subscriptions. They also explore the implications of the Balancer exploit on trust in DeFi and the evolving landscape of on-chain insurance and hedging strategies.
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ETF Flows Reshape Bitcoin Market
- ETF-driven flows have materially changed BTC market structure and reduced asymmetry on top assets.
- James Christoph argues flows pushed prices past resistance but don't recreate 2017-style upside.
Size Positions To Avoid Extreme Pain
- Avoid positioning where price declines are extremely painful; size positions so drawdowns are tolerable.
- James Christoph advises never put yourself in a position where seeing price drop is extremely painful.
Long-Term Holders Selling Into ETF Demand
- Long-term holders are likely selling into ETF demand, creating net sell pressure on-chain.
- Danny and Boccaccio note ETF adoption is rising but flows may mostly reallocate existing holders into ETFs.