🔻 Individuals Lead the Decline of Cryptocurrencies 🔻 (JPMorgan)

Key Point: JPMorgan says that individual investors (Retail) are the main reason behind the recent sell-off in the cryptocurrency market, not institutions or large crypto traders.

* Evidence: Large sell-offs came from Bitcoin and Ethereum ETF funds, which are the tools preferred by traditional individual investors.

* Comparison: While individuals sold cryptocurrencies, they continued to buy stock ETF funds, indicating that the selling was specific to crypto only, not a general fear of risk.

* Implication: The influence of individual investors has become stronger in determining trends in the crypto market.

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