JPMorgan: Crypto Selloff Nearing Bottom as ETF Outflows Show Signs of Easing
According to a report by JPMorgan, the recent crypto market correction may be approaching a bottom. The analysis points to flow and positioning data, suggesting that the selloff is losing momentum. There are early indications of stabilization in crypto exchange-traded funds (ETFs) and derivatives markets. The report suggests that the intense selling pressure observed in recent weeks might be subsiding, potentially signaling a shift in market sentiment. This analysis offers a perspective on the current state of the cryptocurrency market, suggesting a possible end to the recent downturn.
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