JPMorgan continues to advise exercising caution in the crypto markets in the near future due to several factors, including a lack of positive indicators and declining retail investor interest.
The past two weeks have seen "significant" selling or profit-taking in the crypto market, with perhaps retail investors playing a bigger role than institutional investors, according to the analysts. They added that not only have spot bitcoin exchange-traded funds seen outflows in April, but indicators of retail interest in stocks, such as net flow into equity funds, have also decreased over the past month.
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Source: CoinDesk - 🏆 291. / 63 Read more »