JPMorgan: CME Bitcoin and Ethereum futures are nearing a "reverse market," institutional demand weakens

2025-02-20 18:42:27

Collection

ChainCatcher news, according to The Block, JPMorgan analysts warned in their latest research report that institutional demand for CME Bitcoin and Ethereum futures has weakened, which will bring recent downward risks to the crypto market.

The report pointed out that CME Bitcoin and Ethereum futures are approaching a "backwardation" (where futures prices are lower than spot prices), indicating that the demand from institutional investors for exposure to cryptocurrencies through CME futures contracts is weak. Analysts believe that this phenomenon is mainly influenced by two factors: first, the lack of positive catalysts has led some institutions to choose to take profits; second, momentum-driven funds are reducing their exposure.

JPMorgan Managing Director Nikolaos Panigirtzoglou stated that the new U.S. government is unlikely to introduce significant crypto-related initiatives before the second half of 2025, which puts investors in a wait-and-see mode. Currently, Ethereum's momentum signals have turned negative, and the momentum signals for both Bitcoin and Ethereum have continued to weaken over the past few months.

(Source Link)

Related tags

JPMorgan CME Bitcoin

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.