Unchained
JPMorgan Says the Debasement Trade Retreat Has ‘Accelerated’ for Bitcoin as June ETF Outflows Reach $2.1 Billion
JPMorgan analysts led by Nikolaos Panigirtzoglou say the debasement trade is unwinding and has accelerated for bitcoin, tied to easing US-Iran tensions, as June ETF outflows hit $2.1 billion and Sygnum’s Fabian Dori points to cash-and-carry arbitrage unwinds.
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