Bitcoin Price Remains Below $100,000 Amid Declining Institutional Interest

Bitcoin's price rally faces challenges as it remains below $100,000. Analysts from JPMorgan report a decline in institutional interest, particularly in Bitcoin and Ethereum futures.

Institutional Demand Declines, Futures Market Signals Weakness

Institutional investors previously contributed to Bitcoin's price increases.
After breaking the $100,000 mark, Bitcoin has struggled to gain further momentum.
JPMorgan noted a decline in Bitcoin and Ethereum futures on the Chicago Mercantile Exchange (CME).
A trend of backwardation is observed, indicating spot prices exceed futures prices.
This suggests hesitation among institutional investors due to the lack of bullish catalysts.
Analyst Nikolaos Panigirtzoglou stated that lower demand from systematic funds affects futures market performance.

Allegations Of Market Manipulation

Concerns about artificial market suppression have risen within the crypto community.
Industry leaders suggest large participants may be selling while retail buyers continue to accumulate.
Previous cycles of Bitcoin have also seen suspicions of price manipulation by whales.

Currently, Bitcoin trades at $96,180, down 2% in the past 24 hours. Short-term consolidation around $100,000 is expected until late 2025. Long-term price targets for Bitcoin range from $150,000 to $2 million.