Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are “really underowned” assets as far as Milk Road analyst John Gillen is concerned.
Bitcoin, Ethereum Are 'Really Underowned,' Analyst Says: 'Two of the Best Assets in the World'
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are “really underowned” assets as far as Milk Road analyst John Gillen is concerned.
Benzinga
Publisher
Aug 25, 2026 at 2:30 PM UTC · 2 분 소요

Entities
bitcoin, ethereum
Market Impact
Total MCap-1.09%
Last Updated
7분 전
Even so, he says market participants that have not captured the latest rally should refrain from “panic-chasing.”
Why Was Last Week’s Crypto Rally Inevitable?
Speaking on the Milk Road podcast on Monday, Gillen stated that Bitcoin’s volatility had dropped to levels seen in only 6% of its entire history before last week’s explosion.
Volume was historically low, open interest was climbing, and the market was heavily positioned for further downside.
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Two unpriced catalysts flipped that setup: Treasury Secretary Scott Bessent announced expanded bond buybacks, and President Donald Trump named Hyperliquid at the White House.
Together they triggered over $4 billion in short liquidations and Bitcoin’s largest weekly dollar gain on record.
The signal Gillen is watching now is whether spot volume keeps supporting the move — so far it is, with ETF inflows and spot markets both holding the bid since the squeeze.
What Gillen Says About Deploying Cash
Gillen told listeners that he is not chasing the current price and is waiting for one of two things before deploying his remaining cash.
Market Context
Bitcoin
BTC
$79,266
-0.28% (24H)
Market Cap
$1.59T
24H Volume
$39.6B
24H High
$81,200
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