According to Coindesk, JPMorgan Chase (JPM) said in a new research report that cryptocurrency liquidations should weaken this month and the market is expected to rebound from August. Due to the liquidation of creditors of Mt. Gox and Gemini and the German government's sell-off, the Bitcoin reserves of various exchanges declined last month, and the bank lowered its net inflow forecast for the year to date from $12 billion to $8 billion.