On December 10th, JPMorgan’s latest research report stated that the recent Bitcoin correction and the intensifying market panic do not indicate the arrival of a new crypto winter, but rather a “meaningful adjustment.” Several short-term driving factors behind the recent sell-off include: · ETF capital outflows related to basis trade liquidations · Liquidation shocks from over-leveraged long positions · Seasonal liquidity shortages approaching the end of the year · Weak macroeconomic conditions ahead of the Federal Reserve’s interest rate decision today The bank emphasized that these phenomena do not indicate a structural deterioration in crypto demand. Institutional interest, real-world application advancement, and tokenization trends remain robust. JPMorgan believes that the market is still in a healthy adjustment phase rather than falling back into a bear market cycle.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
JPMorgan: "Crypto winter" will not arrive, and there is no structural deterioration in crypto demand
On December 10th, JPMorgan’s latest research report stated that the recent Bitcoin correction and the intensifying market panic do not indicate the arrival of a new crypto winter, but rather a “meaningful adjustment.” Several short-term driving factors behind the recent sell-off include: · ETF capital outflows related to basis trade liquidations · Liquidation shocks from over-leveraged long positions · Seasonal liquidity shortages approaching the end of the year · Weak macroeconomic conditions ahead of the Federal Reserve’s interest rate decision today The bank emphasized that these phenomena do not indicate a structural deterioration in crypto demand. Institutional interest, real-world application advancement, and tokenization trends remain robust. JPMorgan believes that the market is still in a healthy adjustment phase rather than falling back into a bear market cycle.