JPMorgan analysts predicted that Bitcoin sales from Mt. Gox will exert pressure on crypto markets initially in July, but markets are expected to recover by August.

Mt. Gox clients will receive 142k $BTC ($8.6bn) between July and October 2024.

Additionally, FTX payouts could drive crypto market growth, with clients receiving $11bn in fiat, potentially reinvested in cryptocurrency in October-November.

Earlier, JPMorgan analysts questioned the inflow of capital into spot Bitcoin ETFs, suggesting that most of the $16bn net inflow this year likely came from existing exchange wallets rather than new money or investors.
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