Limited Downside for Crypto Markets: JPMorgan Analysis
JPMorgan’s latest research suggests that the recent downtrend in the cryptocurrency market may be coming to an end. According to analysts, most long-position liquidations have been completed, indicating a potential deceleration in the selling trend. This is supported by the decline in Bitcoin’s open interest, which indicates a weakening of the current price trend. As a result, the analysts predict limited downside for crypto markets over the near term.
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