JPMorgan: Bitcoin and gold "devaluation trades" cool down, investors withdraw from safe-haven assets
J.P. Morgan analysts, including Nikolaos Panigirtzoglou, stated that as signs of easing tensions in the Middle East emerge, investors are gradually withdrawing from the Bitcoin and gold markets. The "devaluation trade" that previously drove demand for both is losing momentum.
In the past two weeks, both Bitcoin and gold-related ETFs have seen significant capital outflows, and institutional positions in the CME futures market have also weakened concurrently. This trend indicates that investors are retreating from the macro hedging trades that became popular due to inflation concerns and global instability, and it is not a case of Bitcoin funds shifting to gold; rather, both asset classes are facing a simultaneous decline in demand. Since the Iran conflict, Bitcoin has been a major representation of the "devaluation trade."
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

United Kingdom grew 0.4% in July, exceeding market expectations

Ukraine Joins CRS MCAA for Automatic Data Exchange

Analysts Believe the Federal Reserve Needs Multiple Rate Hikes

Tom Lee Predicts Market Correction Due to High Leverage

European Commission Approves €6.1 Billion for Ukraine's Drones and Patriot Missiles

ether.fi Loses Approximately 15.45 ETH Due to AtomicQueue Contract Vulnerability

EU Resumes Work on Transferring Frozen Russian Assets to Ukraine

Unauthorized Access to Japan's Digital Agency Server, Personal Information of 246,000 Individuals May Have Been Leaked

MKB Identifies Problematic Loans Worth $8 Billion

Oil Production in Russia Falls to 8.718 Million Barrels per Day

JPMorgan: US Treasury Buyback Data Indicates Decline in Bid Quality

Choi Won-seok, CEO of Finiverse, Proposes Use of Won Stablecoin for SME Trade Settlements

Iran and Gulf States Foreign Ministers' Meeting Promotes Hormuz Strait Agreement

Murata to Cease Production of Certain MLCCs, Potential Orders Shift to Yageo, Walsin, and Others

Codex Suspends New $200 Pro Plan Subscriptions to Ensure Astra User Experience

Ministry of Industry and Information Technology Issues Implementation Plan for 'Artificial Intelligence + Software' Special Action

Loans up to 1 billion UAH, state property rental, and business security

Estonia to Impose Sanctions on Transit of Russian Grain

Ripple Expands AI Feature GSmart in Ripple Treasury

Inflation Report Key to Fed Rate Hike

Xiaomi Open Sources Xiaomi-Robotics-U0 Embodied World Model

New Underground Money Laundering Scheme Using Virtual Currency, Seven Sentenced

Ant Group Partners with Visa and Mastercard to Establish AI Agent Payment Standards

U.S. Treasury Secretary Removes CIO Sam Corcos from AI Policy Work

EU Includes Crypto Service Providers in Local Contact Person Mechanism

Economy Seeks to Renew 8.13 Trillion Pesos in Debt Before 2027 Elections

Texas Data Center Development Halted, US Power Sales Growth Forecast Downgraded

Typical Family in CABA Needs 2,603,556 Pesos to Be Considered Middle Class

Hyperliquid Policy Center Requests Dismissal of CME's Lawsuit Against CFTC


