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Crypto Faces Pressure as JPMorgan Sees Weak Demand for Bitcoin (BTC) & Ethereum (ETH) Futures

  • JPMorgan highlights weakening demand for Bitcoin and Ethereum futures as prices decline below spot prices.
  • The total market cap remains 15% down from December 17, 2024.
  • JPMorgan claims CME Bitcoin and Ether futures are approaching backwardation, indicating a decline in demand.
  • Weakened demand attributed to profit-taking actions by institutional investors and reduction in exposure by momentum-driven funds.

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