Placeholder Partner: Market risk appetite has not weakened, and the decline may be affected by year-end liquidity factors

Chris Burniske, partner at Placeholder, wrote on the X platform: “Even though BTC is playing with fire, ETHBTC, SOLETH, and SOLBTC are still performing well. This makes me think that this is not a sign of weakening market risk appetite, but more likely affected by year-end liquidity factors, and people are sorting out their books for 2024.”