Crypto markets are expected to rebound starting in August and liquidations will end by the end of July, according to Nikolaos Panigirtzoglou, an analyst at JPMorgan. JPMorgan lowered its annual net inflow estimate to $8 billion from $12 billion, mainly due to a decrease in Bitcoin reserves over the past month. The decrease was likely due to selling by creditors of Mt. Gox and Gemini, as well as the German government. The analyst believes market liquidations will weaken and expects a recovery after August. (CoinDesk)
