JPMorgan: ETF outflows are slowing, crypto market sell-off may be nearing the bottom

According to Odaily, a recent report from JPMorgan indicates that the recent sell-off in the cryptocurrency market may be nearing its end. Analyst Nikolaos Panigirtzoglou stated that outflows from bitcoin and ethereum ETFs began to stabilize in January, and futures market positioning indicators also show that investor deleveraging for the end of 2025 has largely been completed. The bank believes that market liquidity remains healthy, and that this round of adjustment was mainly triggered by MSCI's statement last October regarding the potential exclusion of crypto-related companies, which led to risk reduction, rather than market pressure. MSCI has recently decided not to exclude cryptocurrency-related companies in its global index review scheduled for February 2026, providing short-term relief to the market and reducing the risk of forced selling related to index changes. (CoinDesk)