Analysis of the OP for Bitcoin futures shows that the liquidation of long positions is in the final phase. According to JPMorgan analysts, for this reason, the risks of a further decline in quotes seem insignificant, writes CoinDesk.
Experts associated the correction in August, “which neutralized the rally after the SEC’s decision against Ripple,” with “the deterioration of the situation in risky assets in general.”
The latter was driven by “overweight in technology stocks, rising real government bond yields and concerns about China's economic growth,” they added.
The news about the possible disposal of Elon Musk’s SpaceX from bitcoins became an “additional catalyst.”
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