JPMorgan says crypto sell-off is mostly done as ETF outflows slow and MSCI’s index reprieve helps Bitcoin stabilize near $94k.
Summary
- JPMorgan says BTC and ETH ETF outflows have eased, with futures positioning implying most forced selling should finish by late 2025.
- The bank blames the correction on MSCI-related de-risking, not market structure stress, and notes liquidity across crypto remains strong.
- MSCI’s move to keep crypto-linked firms in indexes through February 2026 lowers forced-selling risk and supports a potential market bottom.
JPMorgan Chase & Co. stated the recent sharp sell-off in the cryptocurrency market may be largely over, according to a report from the investment bank.
Nikolaos Panigirtzoglou, an analyst at the bank, said outflows from Bitcoin and Ethereum exchange-traded funds had slowed significantly since January. Positioning indicators in the futures market suggested investor selling would largely conclude by the end of 2025, according to the analyst.
JPMorgan warns about crypto market downturn
The bank reported market liquidity remains strong despite the recent downturn.
JPMorgan stated the primary cause of the current correction stemmed from risk mitigation measures triggered by MSCI’s October announcement that crypto-related companies could be delisted from indices, rather than market-related stress.
MSCI’s recent decision not to exclude crypto-related companies from its global equity index review in February 2026 provided short-term relief for the market, according to JPMorgan. The bank stated this decision reduced the risk of potential forced sell-offs due to index changes and strengthened expectations of a bottom formation in the cryptocurrency market.
Bitcoin traded at approximately $94,000 as of Friday, according to market data.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin (BTC) Price Could Crash Before Surging to $350,000, Analyst Warns
The Bitcoin price has entered a fragile phase after losing one of its most important trend supports. The latest chart shared by analyst Crypto Patel suggests the market may still face a deeper correction before the next major bull cycle begins.
Top analyst Patel shared on X that the current se
CaptainAltcoin15m ago
Raoul Pal: Global liquidity and BTC correlation reach 90%, and the market is in a historically oversold state
Raoul Pal stated on March 8th that global liquidity is a key macro factor, highly correlated with BTC and NDX since 2012, with an annual growth of about 10%. He pointed out that liquidity remains loose and predicted that the US will further cut interest rates to stimulate disposable income. The crypto market is currently oversold, and the next two weeks will be a critical period to watch.
GateNews50m ago
If Bitcoin drops below $66,000, the total liquidation strength of long positions on mainstream CEXs will reach $514 million.
News from March 8th shows that if Bitcoin drops below $66,000, the long liquidation strength on mainstream exchanges will reach $514 million; if it breaks through $69,000, the short liquidation strength will reach $794 million. The liquidation chart illustrates the market impact and liquidity response.
GateNews1h ago
Woo on BTC Price: 'Bull Trap Incoming' - U.Today
Willy Woo warns investors against short-term optimism in Bitcoin's price, indicating a potential bear trap despite possible relief rallies. He emphasizes that the market remains in a bearish phase and that the current conditions do not signify a market bottom.
UToday2h ago
Bitcoin Dip May Continue as Retail Buys Under $70K, Santiment Says
Bitcoin has shown renewed volatility as buyers and sellers clash at key levels. Retail participants have been loading up after the price dipped below $70,000, while larger holders have been trimming positions. Over a period spanning Feb. 23 to Mar. 3, Bitcoin traded roughly between $62,900 and $69,6
CryptoBreaking2h ago
