JPMorgan Reveals Why Crypto Fell – Not Institutions
JPMorgan has attributed the recent sharp downturn in the cryptocurrency markets largely to activity among crypto-native and momentum-driven traders, rather than big financial institutions or long-term ETF holders. According to the bank’s latest analysis, while both Bitcoin (BTC) and Ether (ETH) declined after October 10, spot ETFs and CME futures showed relatively little forced selling.
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