JPMorgan warns of BTC slump after Bitcoin futures markets experience steep liquidation.

If the leading cryptocurrency isn’t able to break back above $60,000 soon, momentum signals will collapse, strategists at JPMorgan led by Panigirtzoglou wrote in a note Tuesday. It’s likely traders, including Commodity Trading Advisers (CTAs) and crypto funds, were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as […]