Bitcoin 'Downside Risk' Looms Yet Again In July: JPMorgan
Bitcoin 'Downside Risk' Looms Yet Again In July: JPMorgan
JPMorgan (NYSE:JPM) analysts are predicting a potential bump in the road for Bitcoin (CRYPTO: BTC) prices this July.
摩根大通(紐交所:JPM)的分析師們預測,比特幣(數字貨幣:BTC)價格可能在今年7月出現震盪。
What Happened: Their report, released Wednesday, highlights the upcoming repayments to creditors of defunct crypto exchange Mt. Gox as a source of downward pressure on the market.
發生了什麼:週三發佈的報告突顯了即將向倒閉的加密交易所Mt.Gox的債權人支付的款項可能成爲市場下行壓力的來源。
"A similar downside risk looms in July with Mt. Gox creditors," the report states, led by analyst Nikolaos Panigirtzoglou, according to The Block.
“ Mt.Gox債權人在7月面臨類似的下行風險,”報告指出,由分析師Nikolaos Panigirtzoglou領導,根據The Block。
This concern stems from the expectation that some creditors will sell a portion of their recovered Bitcoin.
這種擔憂源於市場預期,一些債權人將出售他們恢復的一部分比特幣。
The analysts point to the recent distribution of crypto assets to Gemini Earn product creditors as a precedent.
分析師指出,最近向Gemini Earn產品債權人分發加密資產的情況可以作爲先例。
After receiving their holdings in late May, these creditors, presumed to be mostly retail investors, likely engaged in some selling, according to JPMorgan.
根據摩根大通的說法,這些債權人在5月下旬收到他們的股份後,可能進行了一些賣出操作。
This aligns with the observed decrease in Bitcoin prices since the May 29 distribution.
這與5月29日分配以來比特幣價格下降的觀察結果相一致。
Mt. Gox creditors stand to receive a significant amount of Bitcoin – an estimated 142,000 coins, valued at roughly $9 billion currently.
Mt.Gox的債權人有望獲得大量比特幣 - 估計價值約90億美元的142,000枚硬幣。
While the repayment deadline extends to October, JPMorgan expects most to occur in July.
儘管還有到10月的還款期限,但摩根大通預計大部分在7月完成。
"Assuming most of the liquidations by Mt. Gox creditors take place in July, [that] creates a trajectory where crypto prices come under further pressure in July, but start rebounding from August onwards," the report suggests.
報告建議:“假設Mt.Gox債權人的大部分清算在7月進行,則會產生加密貨幣價格在7月進一步下跌,但從8月開始反彈的軌跡。”
![Benzinga future of digital assets conference](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240627/0-386f522d8822f8c2d70b5ef2c8891c01-0-5d94fcd186888c1ea9d171ba8a4635fc.gif/big)
Also Read: Ethereum ETF Inflows Could Be Up To 50% Of Bitcoin ETF Inflows: Galaxy Research
還閱讀:Galaxy Research:以太坊ETF流入可能達到比特幣ETF流入的50%
Why It Matters: A potential silver lining emerges later in the year.
爲什麼這很重要:在今年晚些時候,可能會出現一線希望。
FTX, another bankrupt crypto exchange, is also expected to make creditor repayments in the coming months.
另一家破產的加密交易所FTX也預計在未來幾個月內向債權人支付款項。
Unlike Mt. Gox, these repayments will be in cash, not cryptocurrency.
與Mt. Gox不同,這些還款將以現金而不是加密貨幣的形式進行。
JPMorgan analysts believe these cash injections could buoy the market, particularly as crypto-focused creditors might reinvest the funds back into digital assets.
摩根大通的分析師們相信,這些現金注入可能會支撐市場,特別是因爲以加密貨幣爲中心的債權人可能會將資金重新投資到數字資產中。
"The problem for crypto markets is that there is likely a gap of around three months between potential Mt. Gox creditor liquidations in July and FTX creditor reinvestments in October/November," the report concludes.
報告總結道:“對於加密市場來說,問題在於可能在7月份的Mt. Gox債權人清算和10月/11月FTX債權人重新投資之間存在大約三個月的差距。”
The Benzinga Future of Digital Assets event on Nov. 19 offers a valuable opportunity to gain insights from industry leaders and navigate these dynamic market shifts.
Benzinga數字資產未來活動將於11月19日舉行,提供了一個寶貴的機會,可以從行業領袖那裏獲得見解,以應對這些動態市場轉換。
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
此內容部分使用人工智能工具生成,並由Benzinga編輯審查和發佈。
Image: Shutterstock
圖片:shutterstock