• Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$84,430.003.09%
  • ethereumEthereum(ETH)$1,919.801.62%
  • tetherTether(USDT)$1.000.03%
  • rippleXRP(XRP)$2.435.90%
  • binancecoinBNB(BNB)$593.171.65%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • SolanaSolana(SOL)$134.898.16%
  • usd-coinUSDC(USDC)$1.000.00%
  • cardanoCardano(ADA)$0.756.05%
  • dogecoinDogecoin(DOGE)$0.1736372.59%
  • tronTRON(TRX)$0.222849-1.22%
  • Lido Staked EtherLido Staked Ether(STETH)$1,918.071.80%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$84,279.003.05%
  • Pi NetworkPi Network(PI)$1.46-11.55%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • leo-tokenLEO Token(LEO)$9.760.46%
  • stellarStellar(XLM)$0.2779741.57%
  • Wrapped stETHWrapped stETH(WSTETH)$2,294.281.45%
  • USDSUSDS(USDS)$1.000.00%
  • HederaHedera(HBAR)$0.1944612.17%
  • AvalancheAvalanche(AVAX)$18.61-1.13%
  • SuiSui(SUI)$2.389.44%
  • Shiba InuShiba Inu(SHIB)$0.0000133.40%
  • ToncoinToncoin(TON)$2.955.25%
  • litecoinLitecoin(LTC)$92.123.36%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,669.83-2.88%
  • bitcoin-cashBitcoin Cash(BCH)$332.561.56%
  • polkadotPolkadot(DOT)$4.245.09%
  • MANTRAMANTRA(OM)$6.300.63%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Ethena USDeEthena USDe(USDE)$1.000.07%
  • wethWETH(WETH)$1,920.931.57%
  • Bitget TokenBitget Token(BGB)$4.425.73%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.08%
  • MurasakiMurasaki(MURA)$4.32-12.46%
  • Black PhoenixBlack Phoenix(BPX)$3.351,000.00%
  • HyperliquidHyperliquid(HYPE)$14.2111.08%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$28.471.21%
  • Wrapped eETHWrapped eETH(WEETH)$2,039.711.71%
  • moneroMonero(XMR)$210.521.87%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$84,430.003.09%
  • ethereumEthereum(ETH)$1,919.801.62%
  • tetherTether(USDT)$1.000.03%
  • rippleXRP(XRP)$2.435.90%
  • binancecoinBNB(BNB)$593.171.65%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • SolanaSolana(SOL)$134.898.16%
  • usd-coinUSDC(USDC)$1.000.00%
  • cardanoCardano(ADA)$0.756.05%
  • dogecoinDogecoin(DOGE)$0.1736372.59%
  • tronTRON(TRX)$0.222849-1.22%
  • Lido Staked EtherLido Staked Ether(STETH)$1,918.071.80%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$84,279.003.05%
  • Pi NetworkPi Network(PI)$1.46-11.55%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • leo-tokenLEO Token(LEO)$9.760.46%
  • stellarStellar(XLM)$0.2779741.57%
  • Wrapped stETHWrapped stETH(WSTETH)$2,294.281.45%
  • USDSUSDS(USDS)$1.000.00%
  • HederaHedera(HBAR)$0.1944612.17%
  • AvalancheAvalanche(AVAX)$18.61-1.13%
  • SuiSui(SUI)$2.389.44%
  • Shiba InuShiba Inu(SHIB)$0.0000133.40%
  • ToncoinToncoin(TON)$2.955.25%
  • litecoinLitecoin(LTC)$92.123.36%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,669.83-2.88%
  • bitcoin-cashBitcoin Cash(BCH)$332.561.56%
  • polkadotPolkadot(DOT)$4.245.09%
  • MANTRAMANTRA(OM)$6.300.63%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Ethena USDeEthena USDe(USDE)$1.000.07%
  • wethWETH(WETH)$1,920.931.57%
  • Bitget TokenBitget Token(BGB)$4.425.73%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.08%
  • MurasakiMurasaki(MURA)$4.32-12.46%
  • Black PhoenixBlack Phoenix(BPX)$3.351,000.00%
  • HyperliquidHyperliquid(HYPE)$14.2111.08%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$28.471.21%
  • Wrapped eETHWrapped eETH(WEETH)$2,039.711.71%
  • moneroMonero(XMR)$210.521.87%

JPMorgan: Crypto Market Sell-Off Driven by Retail Investors

May 03, 2024
JPMorgan (JPM) has stated that it maintains a cautious stance on cryptocurrency markets in the short term due to the lack of positive catalysts and the disappearance of retail momentum.
image

The bank notes that in April, retail investors sold off cryptocurrency and equity assets, while Bitcoin ETF spot exchange-traded funds faced outflows. This occurred against the backdrop of increased positioning, high BTC prices compared to gold, and restrained venture capital funding.

According to the company’s report, significant profit-taking has been observed in cryptocurrency markets in recent weeks. Retail investors played a major role in the sell-off.

BTC lost 16% in price in April, marking the largest decline since the summer of 2022. Spot Bitcoin ETFs were sold off at the fastest pace on Wednesday, with a net outflow of $563.7M.

Analysts led by Nikolaos Panigirtzoglou noted that institutional investors are impulsive traders, profiting from extremely long positions in BTC and gold.

Nevertheless, futures market analysis suggests a more limited reduction in positions by other institutional investors beyond quantitative funds and CTAs.