THE SELLING MAY HAVE FINALLY RUN OUT

JPMorgan now see signs that the intense de-risking phase that drove much of the late-2025 crypto downturn is largely behind us -- and ETF flows are one of the big clues. Bitcoin and Ethereum ETF flows are stabilizing in January after heavy outflows in December, suggesting selling pressure is easing and the worst may be over.

Their research highlights that:
✔️ $BTC & $ETH ETF flows are showing bottoming behavior
✔️ Perpetuals and CME futures positioning signal reduced sell pressure
✔️ The sharp unwind of positions by both retail and institutions in Q4 2025 appears mostly done
✔️ MSCI’s decision not to exclude #Bitcoin/crypto reserve companies from global equity indices also helps reduce forced selling risk

In other words -- the purge might be done, not because fundamentals changed overnight, but because most of the trimming has already happened. That’s how bottoms form. 👇

This isn’t just technical mumbo-jumbo -- when flows balance out and selling dries up, markets can shift from fear-driven declines to steady accumulation. And that’s exactly what we’re starting to see. 🚀