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 <p><span style="font-weight: 400;">However, a recent research report by financial service company <a rel="noopener noreferrer nofollow" title="JPMorgan Chase" href="https://thebittimes.com/tag/jpmorgan-chase.html">JPMorgan Chase</a> has </span><span style="font-weight: 400;">highlighted</span><span style="font-weight: 400;"> that the recent selloffs in crypto markets and long position liquidations may be coming to an end.</span></p>  
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 <p><span style="font-weight: 400;">The much-talked-about liquidation has caused BTC to </span><span style="font-weight: 400;">fall</span><span style="font-weight: 400;"> below $26,000 and the coin dropped as low as $25,600 over the past week. In the past two weeks, Bitcoin has seen about a 12% drop in price.</span></p> 
 <h2 id="strong-as-positive-news-fades-bitcoin-prices-drop-strong"><strong>As Positive News Fades, Bitcoin Prices Drop</strong></h2> 
 <p><span style="font-weight: 400;">The bout of recent favourable conditions including Ripple’s victory against the United States Securities and Exchange Commission (SEC) in court, the introduction of PayPal’s stablecoin PYUSD, and positivity towards an approval for spot BTC Exchange Traded Fund (ETF) helped crypto traders to establish their bullish positions on Bitcoin, the JPMorgan analysts clarified.</span></p> 
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  <p><span style="font-weight: 400;">Nikolaos Panigirtzoglou, the lead JPMorgan analyst noted that as these positivities begin to fade gradually, it comes with a restrained potential for a decline in the digital asset markets in the short term.</span></p>  
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 <p><span style="font-weight: 400;">“The fading of the above previously positive news has induced a wave of long position liquidations in recent weeks that are still reverberating. As a result, we see limited downside for crypto markets over the near term,” the analysts wrote.</span></p> 
 <p><span style="font-weight: 400;">While investors look out for a potential positive momentum for Bitcoin, it is worth noting that the token price is currently in a precarious </span><span style="font-weight: 400;">position</span><span style="font-weight: 400;"> where it may plunge to $20,000 and the technical outlook on the daily chart has affirmed this stance.</span></p> 
 <h2 id="strong-bitcoin-shows-signs-of-comeback-strong"><strong>Bitcoin Shows Signs of Comeback</strong></h2> 
 <p><span style="font-weight: 400;">Recently, the coin showed signs of a comeback. At the time of this writing, Bitcoin price was trading at $25,931, after dropping 0.68% of its gain from the previous day, according to on-chain data. This further underscores JPMorgan analysts’ view that the season of BTC long liquidation is over.</span></p> 
 <p><span style="font-weight: 400;">These analysts evaluated open interest in Chicago Mercentile Exchange (CME) Bitcoin futures positions, and came to the conclusion that the process of closing out long positions is fast nearing the end than being in its early phase.&nbsp;</span></p> 
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Bitcoin "Long Liquidation" is Over according to JPMorgan Analysts

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