Bitcoin (BTC) $108,979.46 0.75%
Ethereum (ETH) $2,561.27 1.82%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 151.721096 2.52%
Cardano (ADA) $0.59 2.74%
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Market Cap: $3,363,512,843,742

24h Vol: $68,523,822,230

CoinGape

2021-01-25 04:29:58

JPMorgan: Bitcoin Traders Likely to Unwind Futures Positions

JPMorgan: Bitcoin Traders Likely to Unwind Futures Positions

Bitcoin trades are more likely to unwind their futures position citing a slowdown in Bitcoin institutional participation, says JPMorgan! Just as Bitcoin (BTC) continues to face downward pressure over the last week, the institutional interest also seems to wane down at the moment. JPMorgan analysts think that Bitcoin price return to $40,000 seems to be The post JPMorgan: Bitcoin Traders Likely to Unwind Futures Positions appeared first on Coingape.

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