JPMorgan Analysis Offers Hope Amid Cryptocurrency Market Uncertainty

JPMorgans recent analysis provides a glimmer of hope for the wavering trajectory of the cryptocurrency market. Their findings suggest that a majority of extended market positions have now reached their liquidation point. The insight primarily stems from examining Bitcoins futures contracts, particularly the active ones, at the Chicago Mercantile Exchange (CME). These active contracts, referred to as open interest, offer a glimpse into the markets collective mood and the strength of current price patterns. Data reveals a decline in Bitcoins open interest, hinting at a potential reduction...

source: https://tokenpost.com/Cryptocurrency-Market-Downtrend-Expected-to-Stabilize-According-to-JPMorgans-Research-10579

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