Crypto Chaos: ทำไมความฝันของ Bitcoin ของคุณอาจพัง!

by

Ah นักวิเคราะห์ JPMorgan, Harbingers of Doom ในโลก crypto ได้ตัดสินใจที่จะวางระเบิด: ตลาด crypto กำลังจะจิก เห็นได้ชัดว่าความต้องการของสถาบันสำหรับ CME Bitcoin และอีเธอร์ฟิวเจอร์สลดลงเร็วกว่าความกระตือรือร้นของฉันสำหรับการประชุมเช้าวันจันทร์

Crypto Market Drops 15%

In a shocking twist that no one saw coming (except maybe everyone), the crypto market has dropped a staggering 15% from its peak of $3.72 trillion on December 17 to a mere $3.17 trillion. It’s like watching your favorite restaurant go out of business—devastating and yet somehow not surprising. The analysts at JPMorgan are waving their hands in alarm, claiming we’re nearing “backwardation.” No, that’s not a yoga pose; it’s when future prices are lower than spot prices. It’s like buying a ticket to a concert only to find out the band is playing in a garage. 🎸

These analysts are practically wringing their hands, lamenting the lack of institutional interest. It’s as if they’re saying, “Look, folks, the big players are losing faith, and that’s never a good sign.”

When demand is high, bitcoin and ether futures trade at a premium, known as “contango.” It’s a fancy term that makes it sound like we’re discussing fine wine rather than digital currency. But when the demand drops, it’s like finding out your favorite wine is now boxed. 🍷

The Lack of Positive Catalysts

So, what’s causing this crypto crisis? Well, it seems some institutional investors are cashing out faster than I can say “tax season.” They’re waiting for some positive news, which, let’s be honest, is about as likely as finding a unicorn in your backyard. 🦄

And if that wasn’t enough, funds that usually follow market trends are pulling back like a shy kid at a school dance. Both bitcoin and ethereum are losing momentum, with ethereum’s performance turning as sour as milk left out in the sun. The analysts are warning us that the crypto markets might continue to face challenges, which is just a fancy way of saying, “Hold onto your wallets!”

Bitcoin ETF Demand Slows Down

In a recent post on X (formerly Twitter, because why not?), Cryptoquant CEO Kim Young Ju noted that while Bitcoin ETF demand has slowed, it’s still “net positive.” It’s like saying your diet is going well because you only ate half a cake instead of a whole one. 🎂

#Bitcoin ETF demand has slowed but stays net positive.

This bull cycle would last until significant ETF outflows emerge. Prolonged net negative demand would signal the start of a bear cycle.

Demand and supply are all that matter—everything else is just noise.

— Ki Young Ju (@ki_young_ju) February 20, 2025

Despite the slowdown, Ki Young Ju suggests that the ongoing positive demand could keep the bull market alive. But traders, beware! Watch for signs of large ETF outflows, which might indicate a shift toward a bear market. It’s like watching a horror movie and knowing the killer is lurking just around the corner. 😱

Meanwhile, Bitcoin enthusiasts are still waving their flags high. Kiyosaki is out there urging everyone to stockpile Bitcoin, gold, and silver, calling them “real money.” It’s like he’s trying to start a treasure hunt, but instead of maps, he’s handing out wallets. He believes these assets will make us all rich someday, which is comforting, considering my current financial strategy involves hoping for a miracle. 💰

2025-02-20 15:11