ChainCatcher news, according to Zhu Su, co-founder of Three Arrows Capital, stated that "blaming the Libra incident on Solana or the Jupiter platform is as unreasonable as blaming decentralized finance (DeFi) hacking incidents or NFT issues on Ethereum or Uniswap."Zhu Su pointed out that the main mistake of the Libra team was withdrawing from the Meteora liquidity pool and engaging in short-term arbitrage operations; otherwise, it would be similar to the operation of Trump tokens.

ChainCatcher news, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, stated on social media: "One day, people will realize that the biggest users of Bitcoin ETFs and most of the trading volume come from hedge funds, which are arbitraging between spot and futures, perpetual contracts. The inflow of funds is mainly not directional, only marginally impactful."Raoul Pal believes that most of the funds flowing into Bitcoin ETFs are not based on investors betting on the long-term rise and fall of Bitcoin (i.e., directional investment). Instead, this capital primarily comes from hedge funds using ETFs for short-term arbitrage, aiming to profit from price differences rather than relying on the price movement of Bitcoin itself, and most of the activity does not reflect the broader market sentiment towards Bitcoin's price trends.