In promising news for the crypto community, the recent wave of digital asset selloffs is approaching its conclusion, according to JPMorgan research.

“The recent selloff in crypto markets is likely near an end, with long-position liquidations “largely behind us,” the report states.

Bitcoin Futures Interest, The Key Indicator

A recent report that cites JPMorgan research, points out that there has been an increase in Bitcoin futures trading activity. It suggests that the uptick in activity might signal market stabilization, following a period of recent selloffs.

Bitcoin Futures are essentially contracts to buy or sell crypto Bitcoin at a set price on a specific future date, and are traded on the Chicago Mercantile Exchange (CME).

The report states that there is a decline in the “number of unsettled and active future contracts trading on exchanges.” This decline in open interest suggests a growing interest in acquiring Bitcoin, and hints that the recent selloff

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Author: Ciaran Lyons

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