JPMorgan predicts the crypto market will recover in August, but has reduced year-to-date net flows from $12 billion to $8 billion. Bank analysts stated that the crypto market should start to see liquidations start to decrease this month. Bitcoin price has declined significantly in the last month due to selling pressure. 📉 Catalysts of BTC's decline include miner dumping of BTC after network rewards halved and the German government's recent dumping spree. JPMorgan lowered its net flow estimates to $8 billion, citing BTC's high price relative to its cost of production and gold, a decrease in exchange reserves, and general selling pressure as the main reasons.#cryptonews#JPMorgan