Morgan Stanley commonly refers to oversold Bitcoin futures and overbought gold and silver futures

JPMorgan Chase stated that momentum indicators indicate that Bitcoin futures are oversold, while gold and silver futures have entered the overbought zone, reflecting the large holdings of precious metals by institutions and momentum traders. The bank pointed out that since August, retail investors have shifted from Bitcoin to gold and silver, and expect the long-term price of gold to be between $8000 and $8500 per ounce.