JPMorgan's assessment
JPMorgan assesses that the overall market is bullish, and the recent dip in cryptocurrency looks like a healthy correction. We have just gone through major catalysts - CFTC approval, $BTC the use of $ETH /USDC for derivative products, BlackRock pushing for ETH staking ETFs, Circle expanding global operations - all of which are inconsistent with the long-term bearish reversal trend.
Market signs are adjusting leverage and removing weak investors before entering the next bullish phase.
