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JPMorgan says Bitcoin slide is meaningful correction, not crypto winter

JPMorgan said in a Dec. 10 report that Bitcoin's recent pullback does not signal a new "crypto winter" and should be viewed as a meaningful correction, BlockBeats reports. The bank cited short-term drivers including ETF outflows from basis trade unwinding, forced liquidations of over-leveraged long positions, year-end liquidity shortages, and a soft macro backdrop ahead of the Federal Reserve's Dec. 10 rate decision. JPMorgan emphasized these factors do not reflect structural deterioration in crypto demand, noting that institutional interest, real world application progress, and tokenization initiatives remain solid.
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