JPMorgan just released a new report on Bitcoin following the recent decline. According to the report, despite the pullback, the bank maintains a relatively constructive long-term view on $BTC while acknowledging short-term pressures from macro factors and profit-taking. JPMorgan’s latest note highlights that the recent drop was largely driven by leveraged long liquidations and risk-off sentiment, rather than a fundamental breakdown in Bitcoin’s outlook. They note that institutional interest remains intact, particularly through ETFs and corporate treasuries, even as retail participation has cooled. The report also points out that Bitcoin’s correlation with traditional risk assets has increased, making it more sensitive to macro shifts like interest rate expectations and equity market moves. However, they see the current levels as a potential zone where long-term holders and institutions continue to accumulate. This aligns with the broader picture we’re seeing: institutional flows have been more resilient than retail-driven momentum. While short-term sentiment is cautious, the underlying structural demand from bigger players hasn’t disappeared. JPMorgan’s reports often influence how traditional finance views Bitcoin, so this balanced but not overly bearish tone is worth noting. #BTC Price Analysis#