{"id":23106,"date":"2023-08-25T12:18:57","date_gmt":"2023-08-25T12:18:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/jpmorgan-report-suggests-limited-downside-for-crypto-markets-in-near-future\/"},"modified":"2023-08-25T12:18:57","modified_gmt":"2023-08-25T12:18:57","slug":"jpmorgan-report-suggests-limited-downside-for-crypto-markets-in-near-future","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/jpmorgan-report-suggests-limited-downside-for-crypto-markets-in-near-future\/","title":{"rendered":"JPMorgan Report Suggests Limited Downside for Crypto Markets in Near Future"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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JPMorgan investigates open interest in the Chicago Mercantile Exchange\u2019s (CME) bitcoin (BTC) futures in a new research paper. The bank\u2019s experts, lead by Nikolaos Panigirtzoglou, believe that the present period of unwinding long positions in the bitcoin futures market is nearing its end rather than beginning. This discovery has prompted analysts to forecast that the crypto markets would have little downside in the short term.<\/p>\n

JPMorgan\u2019s evaluation has relied heavily on open interest, which refers to the total amount of outstanding derivative contracts such as options or futures that have yet to be resolved. According to the bank\u2019s study, the continuous unwinding of long holdings might have a stabilizing influence on the crypto markets.<\/p>\n

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The research emphasizes the downturn seen in the cryptocurrency markets throughout the month of August. This drop is considered as a reversal of the surge that occurred in the aftermath of the Securities and Exchange Commission (SEC) against Ripple court verdict. JPMorgan, on the other hand, blames the crypto market drop not only to regulatory developments, but also to a broader fall in risk assets such as equities and technology stocks. The market correction is said to have been influenced by factors such as exuberant positioning in the tech sector, increased US real rates, and fears about China\u2019s economic development.<\/p>\n

Elon Musk\u2019s SpaceX wiping down its bitcoin assets in the prior quarter was another reason for the fall. The announcement of SpaceX\u2019s relocation prompted investors to rethink their holdings, resulting in a \u201coverhang of long positions.\u201d<\/p>\n

JPMorgan\u2019s research also addresses the persistent legal ambiguity surrounding cryptocurrency marketplaces. The Securities and Exchange Commission\u2019s appeal of the district court\u2019s verdict in the Ripple case is anticipated to add to the market\u2019s legal uncertainty. With the conclusion of the appeal not expected until the following year, it adds an element of uncertainty to the market\u2019s future direction.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) JPMorgan investigates open interest in the Chicago Mercantile Exchange\u2019s (CME) bitcoin (BTC) futures in a new research paper. The bank\u2019s experts, lead by Nikolaos Panigirtzoglou, believe that the present period of unwinding long positions in the bitcoin futures market is nearing its end rather than beginning. […]<\/p>\n","protected":false},"author":34,"featured_media":23107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23106"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23106"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23107"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}