JPMorgan: "Crypto winter" will not arrive, and there is no structural deterioration in crypto demand

GateUser-6433627c · 2025-12-10T13:42:40+00:00

JPMorgan released a research report stating that Bitcoin's recent pullback is not a new crypto winter, but a meaningful correction mainly influenced by ETF capital outflows, deleveraging of over-leveraged longs, and year-end liquidity shortages. Institutional interest and applications remain steady, and the market maintains a healthy correction.

GateUser-6433627c

2025-12-10 13:42:40

Abstract generation in progress

On December 10th, JPMorgan’s latest research report stated that the recent Bitcoin correction and the intensifying market panic do not indicate the arrival of a new crypto winter, but rather a “meaningful adjustment.” Several short-term driving factors behind the recent sell-off include: · ETF capital outflows related to basis trade liquidations · Liquidation shocks from over-leveraged long positions · Seasonal liquidity shortages approaching the end of the year · Weak macroeconomic conditions ahead of the Federal Reserve’s interest rate decision today The bank emphasized that these phenomena do not indicate a structural deterioration in crypto demand. Institutional interest, real-world application advancement, and tokenization trends remain robust. JPMorgan believes that the market is still in a healthy adjustment phase rather than falling back into a bear market cycle.

BTC-4%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes