#TokenMovementSignals JPMorgan warns that weakening institutional demand for CME Bitcoin and Ether futures is a negative sign for the short-term crypto market.

JP Morgan says a lack of momentum and positive catalysts is dragging down demand. CME Bitcoin and Ether futures are about to enter “backwardation” (the futures contract price is lower than the spot price), just like last June-July.

JP Morgan is negative on the market again, which is usually a good sign.