JPMorgan Predicts Limited Crypto Downside as Bitcoin Holds $25,000

Is the crypto winter nearing its end? Despite a less than stellar start to 2025, JPMorgan predicts a limited downside for Bitcoin (BTC), even as it holds around the critical $25,000 mark. This forecast offers a glimmer of hope amidst recent market volatility.

Both Bitcoin [BTC] and the broader cryptocurrency market have been experiencing a period of decline. The king coin dropped significantly to a low of $25,600, causing concern among investors. In the past two weeks, it has fallen almost 12% after trading sideways for about a month. This recent dip has prompted questions about the sustainability of current prices.

However, JPMorgan analysts suggest that the recent selloff in crypto markets is likely near an end, with long-position unwinding appearing to be in its final stages. Analysis of open interest in Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures shows that the unwinding of long positions appears to be in its end phase. This suggests that selling pressure may soon subside.

While Bitcoin $42,260 -0.64% (BTC)'s value did not respond as expected to certain positive market news, JPMorgan's assessment points towards a more stable period ahead. Keep track of Bitcoin's performance and crypto market updates for the latest insights.