Bitcoin’s Institutional Interest Declines, Price Remains Below $100,000
- Bitcoin is trading at approximately $96,180, down by 2% in the past 24 hours.
- JPMorgan analysts report a decline in institutional interest in Bitcoin and Ethereum futures contracts.
- The Chicago Mercantile Exchange shows a trend of backwardation where spot prices exceed futures prices.
- Market manipulation concerns arise as large participants sell despite retail buying.
- No significant crypto-positive policies expected from the US until the latter half of 2025.
Bitcoin’s price struggles to maintain momentum above $100,000 due to declining institutional interest and market manipulation concerns. Current trading levels are around $96,180 with no immediate bullish catalysts anticipated before late 2025.
Source (2.6)https://www.newsbtc.com/altcoin/bitcoin-price-suppression-below-100000-worries-investors-jpmorgan-analysts-reveal-real-problem/?rand=52377
