🚨🚨Agustus Crypto Bullish (by JP.
Morgan)🚨🚨
#Binance #newsdaily #BTC☀ #tradeplane
Crypto liquidations should abate this month and the market is expected to rebound from August onward, JPMorgan (JPM) said in a research report on Wednesday. The bank reduced its year-to-date crypto net flow estimate to $8 billion from $12 billion previously.
The bank’s reduced estimate of $8 billion is comprised of a $14 billion net flow into crypto funds by July 9, Chicago Mercantile Exchange (CME) futures flows of $5 billion, $5.7 billion of fundraising by crypto venture capital funds year-to-date, minus a $17 billion adjustment to account for the rotation from wallets on exchanges to new spot bitcoin exchange-traded-funds (ETFs).
note 📢;** This is not an incitement or invitation to buy or sell, just my personal view of the current conditions. All your decisions in trading are your own responsibility**.
📢leave your mark if you like this post, click like 👍 follow 🤳. thank you 🤝
