JPMorgan Warns of Crypto Market Downturn as Bitcoin & Ether Demand Drops: Report
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- JPMorgan warns of downside risk as weakened demand for Bitcoin and Ether futures grows.
- Arthur Hayes predicts Bitcoin could fall to $70,000-$75,000 before a potential rally.
- Capital inflows into Bitcoin and Ethereum have dropped over 30% in the past month.
JPMorgan analysts have expressed concerns about the crypto market’s downside risks. They point to weakened demand for Bitcoin and Ether futures.
This comes after a market correction, with the total crypto market cap falling 15% from its peak of $3.72 trillion on December 17 to about $3.17 trillion. The drop has pushed the futures market into “backwardation.” This is when futures prices fall below spot prices, and it can signal further declines.
— BitTap (@BitTapGlobal) February 20, 2025
JPMorgan's latest report states that CME Bitcoin and Ethereum futures are nearing "backwardation," signaling weakened institutional demand and posing downside risks to the crypto market.
Key reasons include:
1. A lack of positive catalysts leading some institutions to take… pic.twitter.com/kEHxxomg6f
Weakening Bitcoin & Ether Demand Fuels Concern
JPMorgan’s report, from managing director Nikolaos Panigirtzoglou…
The post JPMorgan Warns of Crypto Market Downturn as Bitcoin & Ether Demand Drops: Report appeared first on Coin Edition.
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Coins
$ 64.34K
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$ 0.000207
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