JPMorgan says crypto sell-off is mostly done as ETF outflows slow and MSCI’s index reprieve helps Bitcoin stabilize near $94k.
Summary
- JPMorgan says BTC and ETH ETF outflows have eased, with futures positioning implying most forced selling should finish by late 2025.
- The bank blames the correction on MSCI-related de-risking, not market structure stress, and notes liquidity across crypto remains strong.
- MSCI’s move to keep crypto-linked firms in indexes through February 2026 lowers forced-selling risk and supports a potential market bottom.
JPMorgan Chase & Co. stated the recent sharp sell-off in the cryptocurrency market may be largely over, according to a report from the investment bank.
Nikolaos Panigirtzoglou, an analyst at the bank, said outflows from Bitcoin and Ethereum exchange-traded funds had slowed significantly since January. Positioning indicators in the futures market suggested investor selling would largely conclude by the end of 2025, according to the analyst.
JPMorgan warns about crypto market downturn
The bank reported market liquidity remains strong despite the recent downturn.
JPMorgan stated the primary cause of the current correction stemmed from risk mitigation measures triggered by MSCI’s October announcement that crypto-related companies could be delisted from indices, rather than market-related stress.
MSCI’s recent decision not to exclude crypto-related companies from its global equity index review in February 2026 provided short-term relief for the market, according to JPMorgan. The bank stated this decision reduced the risk of potential forced sell-offs due to index changes and strengthened expectations of a bottom formation in the cryptocurrency market.
Bitcoin traded at approximately $94,000 as of Friday, according to market data.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Winklevoss brothers transferred $130 million worth of BTC to a certain CEX last week, suspected of selling.
Gate News Report, March 10 — According to Arkham monitoring, the Winklevoss brothers transferred $130 million worth of BTC into a CEX hot wallet last week, suspected of selling. They currently still hold $764 million worth of BTC, with total BTC profits of approximately $1.8 billion.
GateNews13m ago
Is the 'Bitcoin Pyramid' Cracking? Peter Schiff Predicts Forced BTC Liquidations by MicroStrategy - U.Today
Peter Schiff criticizes Michael Saylor's Bitcoin strategy, labeling it a "Bitcoin pyramid." He argues that Saylor’s preferred stock, STRC, may force the first Bitcoin sale due to its dependence on cash from new investments or reserves to pay dividends, risking liquidation.
UToday21m ago
The Bitcoin ecosystem BTCS mining ecosystem will launch on March 20.
Bitcoin ecosystem project BTCS announces that it will officially launch its mining ecosystem on March 20, 2026. Based on the BTC Rollup layer-two network, it aims to expand the application value of Bitcoin. The project will also launch multiple core applications to gradually build a complete BTC layer-two ecosystem.
GateNews35m ago
A certain whale opened a long position yesterday with $84 million in BTC and ETH, and today bought an additional $21 million worth of ETH spot.
Gate News Report, March 10 — According to on-chain analyst Yu Yan's monitoring, a whale opened a long position worth $84 million in BTC and ETH on Hyperliquid yesterday (March 9). Today (March 10), they also bought $21 million worth of ETH spot on the chain.
GateNews42m ago
