Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan Says

Chintan Patell Credit- Google

[{"selector":"#anim-55376945-af25-4642-87c8-45722e5f4e12 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2486fb10-c750-4d8c-bc01-421722d7b700","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7646f06a-e71e-4d65-ae76-a21355c118c3","keyframes":{"transform":["translate3d(0px, 136.13000%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said. Credit- Google

[{"selector":"#anim-bbaabbe8-84df-4a53-8aac-b09fa583cd61 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-15a60171-7664-4ea1-abbe-824ce76ef83f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbbb8340-9af3-4a4b-8efe-57bc7c0bd9fb","keyframes":{"transform":["translate3d(0px, 210.72127%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] JPMorgan maintained its cautious view on crypto markets. Credit- Google

[{"selector":"#anim-4861f354-0700-45d0-b7c2-4a60b84befec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e579ebdc-7282-48dd-a05c-0505b0a5b454","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fffd6fa9-e674-436c-aaa1-cba7a675a962","keyframes":{"transform":["translate3d(0px, 194.84911%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The bank said retail investors have been taking profits in recent weeks. Credit- Google

[{"selector":"#anim-d5e73ce5-7dbe-4511-8ab0-aedb4da6d86b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1aaaf42c-eaf9-4064-bc7a-8bf9e38eabec","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-18936dd1-71b5-4012-8ab5-fc4d97f7e58c","keyframes":{"transform":["translate3d(0px, 159.03900%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The market is still faced with headwinds such as elevated positioning, the report said. Credit- Google

[{"selector":"#anim-6a20128b-180e-462d-af66-2492f7eb78b9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9b20dc80-aa65-41eb-b210-ef02a13a18b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dbaa05e4-876e-4f26-ac8c-391db30c8640","keyframes":{"transform":["translate3d(0px, 159.03900%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Investors sold U.S.-based spot bitcoin ETFs at the fastest pace ever on Wednesday. Credit- Google

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