JPMorgan: Cryptocurrency Selloff Approaching Bottom
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Easing ETF Redemption Pressure: JPMorgan highlights a significant slowdown in net redemptions from spot Bitcoin ETFs, particularly from the Grayscale Bitcoin Trust, indicating that downside selling pressure is diminishing, which lays the groundwork for market stabilization.
- Declining Venture Capital Sell-Off: The research notes a substantial stall in fundraising activities by venture funds in 2025, with no new large-scale liquidations observed, suggesting that excess leverage has largely been flushed from the market, thereby reducing volatility.
- Signs of Market Bottom Formation: JPMorgan argues that market bottoms typically form when sellers are exhausted rather than when buyers return aggressively; with easing ETF redemptions and reduced venture selling, the pool of natural sellers is shrinking, leading to a more balanced market environment.
- Future Market Outlook: While JPMorgan does not predict an immediate rebound, they suggest that the market is transitioning towards a more balanced supply-demand environment, often the first step in forming a cycle bottom, and if selling pressure continues to fade, prices may find a durable floor.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
