📊 Crypto Brief: $BTC Outlook, Stablecoin Risks, and ETF Outflows
JPMorgan analysts note that Strategy’s resilience—maintaining an enterprise-value-to-Bitcoin ratio above 1 and avoiding BTC sales—remains a key driver for Bitcoin’s near-term direction.
At the same time, the IMF cautions that dollar-backed stablecoins, now reaching $260B, could intensify currency substitution in vulnerable economies, challenging central bank authority.
On the regulatory front, Italy’s Consob has reiterated that crypto firms must comply with MiCA requirements by December 30 or halt operations.
Looking ahead, markets will be focused on policy cues from the Fed, ECB, and BoE, along with major token unlocks (Euler, Axie Infinity, Linea, Aptos, and Wormhole) and key events such as Bitcoin MENA and Solana Breakpoint in Abu Dhabi.
If you'd like it in a more concise, punchy, or social-media-friendly style, I can tailor it!
