JPMorgan Says the Debasement Trade Retreat Has ‘Accelerated’ for Bitcoin as June ETF Outflows Reach $2.1 Billion

JPMorgan analysts led by Nikolaos Panigirtzoglou say the debasement trade is unwinding and has accelerated for bitcoin, tied to easing US-Iran tensions, as June ETF outflows hit $2.1 billion and Sygnum’s Fabian Dori points to cash-and-carry arbitrage unwinds.