Odaily Planet Daily News reports that JPMorgan Chase states that after strong performance and increased volatility of gold, Bitcoin’s long-term appeal relative to gold has improved. Although recent cryptocurrency prices have weakened, the scale of liquidations is not large, but the outflow of funds from spot Bitcoin ETFs continues. JPMorgan Chase points out that Bitcoin’s current trading price is well below its estimated production cost of $87,000, which has historically been a relatively low bottom.
JPMorgan Chase’s key point: The risk-adjusted value of Bitcoin relative to gold has strengthened, and its volatility relative to gold has fallen to a historic low, indicating that in the long term, Bitcoin has significant upside potential.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Over the past 24 hours, the entire network has liquidated $311 million, with long positions accounting for 64% of liquidations.
On March 20, Gate News reported that across the entire network over the past 24 hours, liquidations reached $311 million, with long positions liquidated for $200 million and short positions liquidated for $111 million. Both long and short positions in Bitcoin and Ethereum experienced varying degrees of liquidation, with 103,431 people globally liquidated. The largest single liquidation occurred on the XYZ:GOLD-USD trading pair, valued at $3.675 million.
GateNews13m ago
BTC Breaks Through $72,000, Mainstream CEX Cumulative Short Liquidation Intensity to Reach $590 Million
According to Coinglass data, if Bitcoin breaks through $72,000, short liquidations on mainstream CEX will reach $590 million; if it falls below $70,000, long liquidations will reach $275 million. The liquidation chart reflects the intensity of market impact, not the precise number of liquidation contracts.
GateNews35m ago
BTC breaks through $71,000, 24-hour gain of 1.23%
Gate News, on March 20, according to Gate market data, BTC/USDT is now trading at $71006.6, with a 24-hour increase of 1.23%.
GateNews49m ago
BTC Breaks Through 71,000 USDT
Gate News bot message: Gate market data shows BTC has broken through 71,000 USDT, with the current price at 71,006.6 USDT.
CryptoRadar51m ago
