JPMorgan Backlash Explodes: Bitcoin Supporters Push Hard For Boycott

Bitcoin's price recently dropped to nearly $80,000, which Arthur Hayes, the former CEO of BitMEX, believes marks a significant bottom for the cryptocurrency. This prediction comes amid ongoing market volatility and fluctuating investor sentiment regarding Bitcoin's future performance.

Bitcoin is undergoing a significant pullback in 2025, with prices recently retesting the $82,000 mark due to a massive sell-off by investors, particularly new whale buyers. This trend indicates a wave of capitulation among these large holders as market sentiment shifts negatively.

Bitcoin's market has suffered a significant downturn, with a reported $1 trillion loss, exposing its fragile market structure according to Deutsche Bank. The price of Bitcoin has plummeted from its all-time high of $126,000 to around $81,000, triggering panic among traders and raising concerns about the stability of the cryptocurrency market.

Bitcoin is experiencing a significant drawdown attributed to reversing ETF flows, weaker treasury demand, and a shrinking stablecoin supply, indicating a capital flight. Despite this volatility, the long-term demand for Bitcoin remains strong, bolstered by institutional adoption and sovereign interest. Bitcoin Hyper, a new initiative, aims to enhance Bitcoin's utility through a high-speed DeFi platform, raising over $28 million in its presale.

Bitcoin's price has rebounded to $86,000 after hitting a low of $80,915 last week, as Deutsche Bank identifies five key factors contributing to the recent sell-off in the cryptocurrency market. This recovery follows a period of significant volatility, with notable commentary from figures like Anthony Popliano and Fed Governor Christopher Waller.

Bitcoin has experienced a significant price drop of over $40,000 in the past six weeks, leading to a negative shift in market structure, according to Jeff Park, CIO at ProCap BTC. He emphasizes that the focus should be on the volatility markets rather than just spot prices, noting a resurgence in implied volatility that resembles earlier Bitcoin market conditions.

Bitcoin analyst James Check has stated that the primary risk posed by quantum computing to Bitcoin lies in consensus issues rather than technological vulnerabilities, suggesting that the network is unlikely to freeze legacy coins. This perspective highlights the political dynamics within the cryptocurrency community regarding the adaptation to new technologies.

Citigroup has issued a warning regarding a potential chill in the Bitcoin market as prices have significantly dropped, with Bitcoin trading around $85,500, reflecting a broader downturn in sentiment. This decline coincides with ETF outflows nearing $4 billion, indicating a lack of investor confidence in the cryptocurrency market.