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JPMorgan: ETF Outflows Slowing, Crypto Market Sell-off Near Bottom
Summary: JPMorgan's latest report indicates that the recent sell-off in the cryptocurrency market may be nearing its end. Analyst Nikolaos Panigirtzoglou stated that outflows from Bitcoin and Ethereum ETFs have stabilized since January, and futures market positioning indicators suggest that investor deleveraging from the end of 2025 has largely completed. The bank believes that market liquidity ...
JPMorgan's latest report indicates that the recent sell-off in the cryptocurrency market may be nearing its end. Analyst Nikolaos Panigirtzoglou stated that outflows from Bitcoin and Ethereum ETFs have stabilized since January, and futures market positioning indicators suggest that investor deleveraging from the end of 2025 has largely completed. The bank believes that market liquidity remains strong, with this correction primarily driven by derisking following MSCI's statement in October last year about potentially excluding crypto-related companies, rather than market pressure. MSCI recently decided not to exclude crypto-related companies in the global stock index review in February 2026, providing short-term relief to the market and reducing forced selling risks associated with index changes. (CoinDesk)
