BTC station back to $98,000, are institutions interested in encryption assets again?

JPMorgan noted in a February 19 report that the current institutional demand for BTC and Ether in the CME futures market has weakened, which is considered a negative situation, suggesting that BTC and Ether will also bear the risk of further declines in the short term. (Synopsis: BTC pin $93,300" Analyst: Volatility fell to a historical low, the big market is coming) (Background supplement: Standard Chartered Bank: BTC will break Rebound above $100,000 next week, the market has digested negative news) The cryptocurrency market has continued to decline since entering February, although BTC is slightly less volatile than other altcoin coins, but it has not successfully broken through the $100,000 mark, but at 19 After dipping below the previous dip of $93,365 on the day, BTC continued to rise on Rebound. At $98,146 before the deadline, up 1.53% in the past 24 hours, can the venture capital market regain confidence as the market seems to gradually digest Trump's tariff war strategy and the Ukraine-Russia war gradually moves towards an end? Back to community discussions. JPMorgan warns: Cryptocurrency still has downside risks in the short term However, in this context, JPMorgan noted in a report earlier this week that the current institutional demand for BTC and Ether in the CME futures market has weakened, which is considered a negative situation, suggesting that BTC and Ether will also bear the risk of further declines in the short term: On December 17 last year, CME The total value of Shanghai BTC and Ether futures reached an all-time high of $3.72 trillion, but it has now fallen to $3.17 trillion, and the overall cryptocurrency market Market Cap has also fallen by 15%, which is a clear pullback. At present, the futures price of BTC and Etherfang on CME has fallen below the Spot price, which is back to the level of June and July last year, indicating that the demand of institutional investors who use CME futures contracts to increase their investment positions in BTC and Etherfang is very weak. Conversely, if there is a premium to the futures price above the Spot price, market demand for both BTC and Ether is usually strong. Lack of positive catalysts in the market In response to this phenomenon, the JPMorgan analyst team led by Nikolaos Panigirtzoglou further explained in the report that the main factors for the weakening of the current demand for BTC and Etherfang futures from institutional investors are: The market lacks a positive catalyst, institutional investors are taking profits, and investors are more inclined to wait and see because the US government's regulatory policies have not yet been officially introduced; Momentum-driven funds represented by commodity trading advisors are already reducing their positions, depressing market demand. Therefore, based on the above, JPMorgan Chase reminded investors in the report that BTC and Ether may continue to face downward pressure in the short term, please pay attention to the risks. Related reports Abu Dhabi sovereign fund invested more than 400 million US dollars in BTCETF, BTC up 99,000 mg Micro strategy Michael Saylor released the "BTC 21 rules": disrespect BTC is waiting to be a clown Micro strategy intends to issue another $2 billion of corporate bonds plus BTC, but the risk of corporate tax is gradually increasing (BTC stands back to $98,000, is the institution's enthusiasm for encryption assets returning? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".