JPMorgan sees Bitcoin futures oversold as investors rotate into gold and silver
The post JPMorgan sees Bitcoin futures oversold as investors rotate into gold and silver appeared on BitcoinEthereumNews.com.
Analysts at JPMorgan believe there is a high likelihood that Bitcoin futures are oversold, while precious metal futures such as silver and gold are overbought. This difference is noted at a time when several investors in both retail and institutional markets show heightened interest in these precious metals compared to cryptocurrency. Reports explained that retail investors actively participated in debasement trade, an investment strategy of shifting capital away from fiat currencies and government bonds into “hard assets” like gold or Bitcoin for the majority of 2025. However, after several considerations, this trend, according to a report from JPMorgan analysts led by managing director Nikolaos Panigirtzoglou, dropped around August of last year when officials noticed that the Bitcoin ETF’s global investment growth slowed down and later decreased in the fourth quarter. Retail investors demonstrated heightened interest in precious metals While global investment in Bitcoin ETFs decreased, gold ETFs’ investments surged sharply, closing the year with total inflows approaching $60 billion. Reports noted that a large portion of the funds flowing into silver ETFs also originated in the last quarter of 2025, which aligns with bitcoin ETFs’ outflows. Such a scenario suggests that several retail investors have begun focusing on precious metals, thereby reallocating their money away from bitcoin. Following this allegation, analysts conducted research and found that institutional behavior strongly supported this trend. To support this claim, their institutional futures positioning measure, based on amendments to CME futures open interest, shows a major increase in silver’s long positions, particularly in the last quarter of 2025 and into early 2026. This move was largely fueled by hedge funds. Meanwhile, similar to silver, gold futures rose across most of the previous year. Bitcoin futures, on the other hand, show an increase that did not correspond to that observed in gold and silver futures…
Filed under: News - @ January 31, 2026 12:32 am