Robinhood executives: Crypto investors see the current situation as a "buying opportunity" and are starting to focus on crypto assets other than BTC and ETH.
PANews reported on February 22 that Johann Kerbrat, head of Robinhood's crypto division, recently stated that amidst a continued market downturn, crypto investors are increasingly turning their attention to assets beyond Bitcoin and Ethereum. He pointed out that many investors view the current market as a "buying opportunity" and are beginning to explore more options beyond the top two or three crypto assets.
Meanwhile, Kerbrat revealed that cryptocurrency holders on the Robinhood platform are not only holding tokens, but are also actively exploring use cases such as staking and DeFi, areas that continue to show strong appeal amid market uncertainty.
However, data from the Altcoin Season Index shows that the market still primarily favors Bitcoin, with a Bitcoin seasonal score of 33/100. Furthermore, US Bitcoin spot ETFs have seen net outflows for five consecutive weeks, totaling approximately $3.8 billion, reflecting a persistent state of "extreme fear" in market sentiment since early February.
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