[JPMorgan Chase: Recent cryptocurrency market sell-offs are driven by retail investors] Golden Finance reported that JPMorgan Chase's report maintained a cautious view on the cryptocurrency market. The cryptocurrency market has seen significant profit-taking in recent weeks, and retail investors have played a greater role in the sell-off than institutional investors. Bitcoin fell 16% in April, the largest monthly drop since June 2022. The market still faces unfavorable factors such as increased positions.