JPMorgan -Analysts warn that the crypto industry is facing a potential spell in the middle of lower demand for top resources such as Bitcoin and Ethereum. The leading Cryptocurrency after the marketing team, BTC, is down over 6% over the past month. For ETH, the coin is down by almost 18%. Despite the hausse -like market position, not many crypto courses at 2024 levels in 2025 so far. Thus, JPMorgan fears that Crypto Boom 2025 must not be hit as hard as projected.
The total cryptom market ceiling has decreased by 15% from its record high of $ 3.72 trillion on December 17 to about $ 3.17 trillion, which marks a significant correction. JPMorgan -analyst, led by CEO Nikolaos Panigirtzoglou, says the lack of positive catalysts and fades speed, lower demand for crypto -futures. Specifically, CME Bitcoin and Ether Futures “Backwardation” are approaching: where future prices fall under spot prices, which reflect in June and July, the analysts wrote.
JPMorgan reveals what is behind the Crypto Bear market
First, some institutional investors seem to take gains due to lack of immediate positive catalysts. The analysts said that large crypto-related initiatives from the new US administration are unlikely before the second half of the year and leave investors in Limbo. Secondly, momentum -powered funds such as raw material advisers have reduced exposure, which further weighted demand. “Both Bitcoin and Ethereum -Tomentum signals have shifted down in recent months with Ethereum Momentum Signal that has already been moved to negative territory,” the report also says.
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With pressure mounting on the crypto market as a whole to deliver according to lots of optimism, top resources may not be able to resist the high hopes. JPMorgan’s analysts are afraid that the crypto industry instead of flourishing can start to show cracks. Nor does this pressure expect to slow down in the coming months, especially with the “Altcoin season” period that comes as soon as Mars.