{"id":63747,"date":"2022-07-01T10:32:15","date_gmt":"2022-07-01T07:32:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63747"},"modified":"2025-09-06T10:39:31","modified_gmt":"2025-09-06T07:39:31","slug":"jpmorgan-sees-deleveraging-in-crypto-markets-nearing-its-end","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-sees-deleveraging-in-crypto-markets-nearing-its-end\/","title":{"rendered":"JPMorgan sees deleveraging in crypto markets nearing its end"},"content":{"rendered":"<p>The worst of the bear market may be behind us, as strong players in the crypto industry are &#8216;saving&#8217; the weak to contain contagion. This was reported by JPMorgan strategist Nikolaos Panigirtzoglou, according to <a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/crypto-market-deleveraging-near-end-three-arrows-capital-bitcoin-jpmorgan-2022-6\">Business Insider<\/a>.<\/p>\n<p>The strategist may have had in mind Sam Bankman-Fried&#8217;s interest in acquiring BlockFi. Media reports also mentioned the online broker Robinhood as a potential acquisition target. Earlier, the exchange backed Voyager Digital.<\/p>\n<p>Panigirtzoglou added that &#8216;the reverberations of the deleveraging process will continue for some time,&#8217; citing the Three Arrows Capital default.<\/p>\n<p>As an additional factor for optimism, the expert cited the high pace of venture funding in May and June.<\/p>\n<p>JPMorgan estimated inflows of $5 billion for this period. According to the <a href=\"https:\/\/www.dovemetrics.com\/\">Dove Metrics tracker<\/a>, the figure stood at $8.6 billion. Relative to March\u2013April, it was down $2.2 billion, but up $3.4 billion versus May\u2013June 2021.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>Indicators such as net leverage suggest that the deleveraging is already at an advanced stage<\/em>, he said.<\/p>\n<\/blockquote>\n<p>Deutsche Bank analysts had forecast Bitcoin to recover to <a href=\"https:\/\/u1f987.com\/en\/news\/deutsche-bank-forecasts-bitcoins-return-to-28000\">$28 000<\/a> by the end of 2022.<\/p>\n<p>Earlier, Arcane Research analysts did not rule out a decline in the price of the first cryptocurrency to <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-foresee-bitcoin-price-dropping-to-10350\">$10 350<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The worst of the bear market may be behind us, as strong players in the crypto industry are &#8216;saving&#8217; the weak to contain contagion. This was reported by JPMorgan strategist Nikolaos Panigirtzoglou, according to Business Insider.<\/p>\n","protected":false},"author":1,"featured_media":63748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,83,229],"class_list":["post-63747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-business","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63747"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63747\/revisions"}],"predecessor-version":[{"id":63749,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63747\/revisions\/63749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63748"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}