JPMorgan Predicts Upcoming Rebound and Finalization of Liquidations in Crypto Market
Thursday, 11 July 2024, 12:32
JPMorgan Forecast
The latest insights from JPMorgan indicate an optimistic outlook for the crypto market.
Predictions for August
- Rebound Expected: The bank foresees a turnaround in market performance next month.
- Liquidations Ending: July is likely to witness the completion of ongoing liquidations.
- Net Flow Adjustment: JPMorgan has lowered its net flow estimate for the year to $8 billion.
This adjustment is directly correlated with the diminishing reserves of bitcoin seen across various exchanges recently. The potential recovery and stabilization of the market signal positive developments ahead.
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