Bitcoin Price Suppression Below $100,000 Worries Investors, JPMorgan Analysts Reveal Real Problem

Bitcoin’s price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there has been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts.

Institutional investors have played a significant role in Bitcoin’s price rallies in the past year, pushing it above the $100,000 mark. However, since breaking above this level, the Bitcoin price has failed to push further, indicating a slowdown in institutional investments.

JPMorgan analysts confirmed this slowdown in institutional investments, pointing to a decline in the Bitcoin and Ethereum futures markets on the Chicago Mercantile Exchange (CME). The inversion in futures prices compared to spot prices suggests that institutional players are hesitant due to a lack of immediate bullish catalysts.

The lack of bullish catalysts, coupled with suspicions of market manipulation, has led to Bitcoin trading around $96,000. Industry leaders have raised concerns about artificial market suppression, suggesting that some large market participants may be selling while retail buyers continue to buy.

At the moment, Bitcoin may continue consolidating around $100,000 in the short term, with long-term price targets ranging from $150,000 to $2 million according to analysts. The market is currently stuck in a state of uncertainty without any clear bullish catalysts in sight.