Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan

The
bank’s
reduced
estimate
of
$8
billion
is
comprised
of
a
$14
billion
net
flow
into
crypto
funds
by
July
9,
Chicago
Mercantile
Exchange
(CME)
futures
flows
of
$5
billion,
$5.7
billion
of
fundraising
by
crypto
venture
capital
funds
year-to-date,
minus
a
$17
billion
adjustment
to
account
for
the
rotation
from
wallets
on
exchanges
to
new
spot
bitcoin
exchange-traded-funds
(ETFs).