THE SELLING MAY HAVE FINALLY RUN OUT
JPMorgan now see signs that the intense de-risking phase that drove much of the late-2025 crypto downturn is largely behind us -- and ETF flows are one of the big clues. Bitcoin and Ethereum ETF flows are stabilizing in January after heavy outflows in December, suggesting selling pressure is easing and the worst may be over.
Their research highlights that:
✔️
$BTC &
$ETH ETF flows are showing bottoming behavior
✔️ Perpetuals and CME futures positioning signal reduced sell pressure
✔️ The sharp unwind of positions by both retail and institutions in Q4 2025 a