JPMorgan: “FTX Crash Could Send Bitcoin Down to $13,000”
Analysts at investment bank JPMorgan believe that the fall of bitcoin is not over – the crisis associated with the lack of liquidity of the FTX exchange could lead to “cascading liquidations”. The JPMorgan analyst team, led by strategist Nikolaos Panigirzoglou, stressed that investors in the cryptocurrency market are just realizing the gravity of the situation, which is developing too rapidly. Analysts called this crisis “another step in the reduction of margin positions,” which could…
