[JPMorgan: 'Crypto Winter' Will Not Arrive, No Structural Deterioration in Crypto Demand] BlockBeats News, December 10, JPMorgan's latest research report states that the recent Bitcoin pullback and heightened market panic do not signify the arrival of a new 'crypto winter,' but rather represent a 'meaningful adjustment.' There are several short-term driving factors behind the recent wave of sell-offs: · ETF outflows related to basis trade unwinding · Liquidation impact on over-leveraged long positions · Seasonal liquidity shortages near year-end · Weak macroeconomic conditions ahead of today's Federal Reserve rate decision The bank emphasized that these phenomena do not indicate a structural deterioration in crypto demand. Institutional interest, progress in real-world applications, and the trend of tokenization remain robust. JPMorgan believes the market is still in a healthy adjustment phase rather than re-entering a bear market cycle.