JPMorgan: Crypto sell-off may be nearing its end, with BTC and ETH outflows stabilizing

DAOplomacy · 2026-01-08T15:26:11+00:00

JPMorgan's latest analysis suggests that the decline in the crypto market is coming to an end. The outflow of funds from Bitcoin and Ethereum ETFs has slowed, and the liquidation in the futures market is nearing completion. This round of correction was mainly influenced by MSCI's comments last year, but recent MSCI decisions to hold off on action have eased market pressure, indicating a market rebound.

DAOplomacy

2026-01-08 15:26:11

Abstract generation in progress

【BlockBeats】JPMorgan’s latest analysis report presents an interesting viewpoint — the recent downturn in the crypto market may be coming to an end soon.

According to reports, JPMorgan analysts noted that the outflows of funds from Bitcoin and Ethereum ETFs have shown clear signs of slowing down since January. Even more interesting is that the futures market position data also suggests that investors’ deleveraging operations are basically complete by the end of 2025, in other words, the major sell-offs are largely done.

Interestingly, JPMorgan believes that the main culprit behind this correction is not market pressure or deteriorating fundamentals. The real trigger was MSCI’s statement in October last year — they hinted at possibly excluding crypto-related companies from their indices. This directly triggered a wave of “de-risking” sell-offs.

The good news is that MSCI has recently changed its stance. They decided not to take action in the upcoming February 2026 global index review, which is essentially a confidence boost for the market. With this uncertainty removed, the forced sell pressure related to indices also dissipates. Coupled with steady market liquidity, multiple signals point in the same direction — this downward trend may truly be coming to an end.

BTC0,04%

ETH0,19%

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SleepTrader

· 9h ago

JPMorgan is storytelling again, claiming that the sell-off is about to end? Haha, let's wait and see.

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TokenStorm

· 01-08 15:56

On-chain data has indeed been quite calm these past two days, but I still think caution is needed with this rebound, after all, the experience of being repeatedly liquidated is etched in my mind. The MSCI reversal is essentially a tentative dip; no one can say where the true bottom is. I usually only refer to reports from big institutions like JPMorgan, but I don't fully trust them. The slowdown in capital outflows does not equal a bottom-fishing signal, everyone. I've been fooled by this explanation three times already. Futures position data looks good, but miner fees tell the real story. Currently, on-chain activity is still a bit cold. I rate the risk of this rebound at 7.

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DEXRobinHood

· 01-08 15:44

JPMorgan said we just have to wait, anyway, since MSCI changed its stance, we should rebound now, right?

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GasFeeCrier

· 01-08 15:40

JPMorgan finally said something reasonable this time. Stopping the bleeding of funds is a bottom signal. Whether it's true or not depends on how MSCI handles things in February.

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ChainWanderingPoet

· 01-08 15:38

JPMorgan is bullish again. Is this really the case, or are they just trying to harvest retail investors again? Anyway, I don't believe it haha

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FarmToRiches

· 01-08 15:31

JPMorgan's reasoning sounds like they're just looking for an excuse to buy the dip, right? Anyway, I don't believe the bottom has been easily reached.

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