Whale interaction with the XRP Ledger experienced a sudden spike, as larege entities moved XRP in levels never seen this year. XRP continues to trade steadily near $2, but its on-chain metrics tell a different story. Visit Website
BitcoinWorld Polymarket’s Game-Changing Move: Launching an In-House Market-Making Team In a bold strategic shift, prediction market giant Polymarket is reportedly building its own in-house market-making team . This move signals a major evolution for the platform, aiming to trade directly with users to supercharge liquidity and stability. For anyone engaged in crypto and prediction markets, this development is a powerful indicator of the sector’s rapid maturation. Let’s explore what this means for Polymarket and its users. What Does Polymarket’s New Market-Making Team Actually Do? Simply put, a market maker provides liquidity. They continuously offer to buy and sell assets, ensuring users can execute trades quickly and at fair prices. Currently, Polymarket likely relies on external firms for this function. By bringing this capability in-house , Polymarket gains direct control over a critical part of its trading engine. The company is actively hiring for this unit and talking to experienced traders and sports bettors, suggesting a focus on deep, niche expertise. Why Is This a Strategic Power Move for Polymarket? This initiative is far more than an operational tweak. It’s a core strategic play with significant potential benefits. Firstly, an internal Polymarket market-making team can tailor its strategies precisely to the platform’s unique prediction contracts, potentially offering tighter spreads than generic external providers. Secondly, it enhances reliability; the platform is no longer solely dependent on third-party liquidity, which can be volatile. Finally, it represents a major step towards professionalization, building institutional-grade infrastructure that could attract more serious capital and complex markets. However, challenges exist. Running a successful market-making operation requires sophisticated risk management and significant capital. Polymarket must navigate the inherent conflict of interest where it acts as both platform operator and a key trading participant, requiring transparent governance. How Will Users Benefit from This Change? For the everyday trader on Polymarket, this move should translate to a tangibly better experience. The primary user benefits are expected to be: Improved Liquidity: Faster trade execution with less slippage, especially for smaller or newer markets. Tighter Spreads: The difference between buy and sell prices should narrow, making trading more cost-effective. Market Stability: Consistent liquidity can dampen extreme volatility caused by large, one-sided bets. New Market Potential: With dedicated liquidity support, Polymarket could confidently launch more niche or high-stakes prediction events. What Does This Signal for the Future of Prediction Markets? Polymarket’s plan is a clear sign that prediction markets are moving beyond their experimental phase. Building an in-house market-making team is an infrastructure investment typical of mature financial platforms. It indicates a long-term commitment to scaling and legitimizing the space. This move could pressure competitors to enhance their own liquidity solutions, driving industry-wide innovation. Moreover, it blurs the lines between traditional finance’s market structure and decentralized prediction platforms, suggesting a fascinating convergence. Conclusion: A Calculated Bet on Self-Reliance Polymarket’s decision to launch its own market-making arm is a calculated bet on self-reliance and superior user experience. While not without its complexities, this strategic pivot aims to cement the platform’s liquidity, stability, and competitive edge. It reflects a broader trend in crypto and DeFi where leading protocols internalize critical functions to control their destiny and better serve their communities. The success of this Polymarket market-making team will be closely watched as a benchmark for the entire prediction economy. Frequently Asked Questions (FAQs) What is a market-making team? A market-making team provides liquidity by continuously offering to buy and sell assets on a trading platform. Their role is to ensure there is always a counterparty for trades, which makes markets function smoothly. Why would Polymarket want its own market-making team? An in-house team allows Polymarket to have direct control over liquidity, potentially offering better prices (tighter spreads) and more reliable trading for its users, especially in niche prediction markets. Will this make trading on Polymarket cheaper? Potentially, yes. A dedicated, efficient market-making team should reduce the “spread”—the difference between buying and selling prices—which is a core cost of trading. Does this create a conflict of interest for Polymarket? It introduces a scenario where Polymarket operates the platform and participates as a trader. Managing this requires clear rules and transparent operations to ensure fair play for all users, which will be crucial for maintaining trust. When is the Polymarket market-making team expected to launch? While no official date has been announced, reports indicate Polymarket is currently in hiring and planning phases, suggesting a launch could happen in the coming months. How does this affect other prediction market platforms? Polymarket’s move raises the bar for liquidity and user experience. It may push competing platforms to develop similar in-house capabilities or partner with stronger liquidity providers to stay competitive. Found this analysis of Polymarket’s strategic shift insightful? Share this article with your network on Twitter or LinkedIn to spark a conversation about the future of prediction markets and decentralized finance! To learn more about the latest trends in decentralized finance and prediction markets, explore our article on key developments shaping the future of on-chain trading and institutional adoption. This post Polymarket’s Game-Changing Move: Launching an In-House Market-Making Team first appeared on BitcoinWorld .
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Decentralized finance protocol US Permissionless Dollar suffered a security breach resulting in unauthorized minting of its stablecoin and the draining of more than $1 million in liquidity. According to an incident report from the USPD team’s official X account, the attacker deposited roughly 3,122 ETH as collateral and exploited a bug that allowed them to mint approximately 98 million USPD tokens in a single transaction. The process created ten times the amount of tokens against the initial deposit and enabled the hacker to drain an additional 237 stETH collateral. The stolen stablecoins were subsequently converted into about $300,000 worth of USDC through decentralized exchange Curve. The USPD protocol developers and several cybersecurity accounts, like PeckShield Alert, issued a warning to users immediately after identifying the breach, saying : “We have confirmed a critical exploit of the USPD protocol resulting in unauthorized minting and liquidity draining. Please DO NOT buy USPD. Revoke all approvals immediately.” USPD hacker took advantage of proxies to trick protocol into minting The DeFi protocol’s report mentioned that the breach exploited a complex attack vector named “CPIMP,” short for Clandestine Proxy In the Middle of Proxy. USPD explained the attacker front-ran the proxy initialization on September 16 during deployment using a Multicall3 transaction. 2/ This was not a flaw in our smart contract logic. The USPD protocol underwent rigorous security audits by top-tier firms @NethermindEth and Resonance. Our code is fully unit-tested and adheres to strict industry standards. The logic itself remains secure. — USPD.IO | The Dollar of the Decentralized Nation (@USPD_io) December 4, 2025 The hacker used CPIMP to seize administrative rights silently before the protocol’s scripts were fully executed, waiting for months to start minting coins without authorization. They implemented a “shadow” contract that forwarded calls to USPD’s audited code, then subtly implemented an event payload manipulation and storage slot spoofing to deceive Etherscan into displaying the original audited contract. “This camouflage allowed the attacker to hide in plain sight for months, bypassing verification tools and manual checks. Today, they used their hidden access to upgrade the proxy, mint ~98M USPD, drain ~232 stETH,” USPD wrote. Blockchain analyst Emmet Gallic reiterated the DeFi protocol’s analysis, adding that a proxy initialization caused the attack during deployment. “The attacker claimed admin rights, installed a shadow implementation that spoofed Etherscan into showing the audited contract. The protocol was hacked for months,” he surmised. USPD to continue with investigations, pledges bounty to hacker In response to the attack, USPD stated that it is working closely with law enforcement and whitehat security groups to trace and freeze the stolen funds. “We have flagged the attacker’s addresses with all major CEXs and DEXs to freeze the flow of funds,” the team revealed. The protocol also said it was willing to resolve the situation with the attacker if the funds are returned minus a standard 10% bug bounty. The protocol promised to cease all law enforcement actions if they accepted the offer and encouraged the attacker to contact them directly or return 90% of the stolen assets to see the matter resolved. “We are devastated that despite rigorous audits and adherence to best practices, we fell victim to this emerging and highly complex attack vector. We are doing everything in our power to recover assets,” USPD told its community. According to CoinMarketCap, the stablecoin’s peg to the greenback hasn’t been affected so far, but its volume has dropped by 20% within the last 24 hours to around $2.56 million. DeFi stablecoin protocol breaches were once much bigger than what USPD faced, including a Euler Finance hack in 2023 that led to more than $197 million in losses after stablecoins were drained from its lending pools. Two DeFi protocols in recovery mode after November exploits Last Monday, Yearn Finance became the latest protocol to suffer an exploit on its liquid-staking index token yETH. The perpetrator minted an effectively unlimited number of tokens and stole about $3 million in ETH. Yearn Finance had previously suffered a $9 million exploit in its yETH stableswap pool on November 30, but as Cryptopolitan reported on Wednesday, it has already begun recovering stolen funds. So far, the team has successfully reclaimed $2.39 million, which will be returned to affected depositors. Balancer, another DeFi protocol that lost $128 million through a v2 breach, announced plans to reimburse approximately $8 million to liquidity providers last week. Get up to $30,050 in trading rewards when you join Bybit today
Companies from China and India are preparing to launch major stock offerings in 2026, banking on investor interest in markets outside the United States. But growing worries about sky-high technology prices could slow things down. Deals involving Asian stocks, including new company listings, follow-up sales, and convertible bonds, reached $267 billion through this year. That marks a 15% jump from 2024 and the first year-over-year increase since 2021, according to data from LSEG viewed by Reuters. Hong Kong has been the clear winner among listing locations. Chinese firms raised $75 billion there in 2025, more than three times what they brought in last year. It’s the highest amount since 2021, the data revealed. India collected $19.3 billion from new stock listings this year, LSEG numbers showed. That’s down 6% from the record $20.5 billion seen in 2024. The tally doesn’t count the $604 million offering from online shopping site Meesho happening this week. “China’s recovery and India’s continued expansion have been the twin engines driving equity issuance across Asia this year,” James Wang from Goldman Sachs said. He runs the firm’s Asian stock deals outside Japan. “We expect both markets to remain central to regional deal flow in 2026,” Wang added. “We are still in the early stages of a broader upswing … supported by Asia’s economic growth and improving corporate earnings.” Major deals expected in 2026 Looking ahead, India might pull in as much as $20 billion from company debuts in 2026, Equirus Capital predicted. More than 300 businesses have submitted paperwork for Hong Kong listings , public records show. Big offerings like India’s Reliance Jio Platforms debut and the Hong Kong listing of China’s Zhongji Innolight Co. should push volumes much higher in 2026, advisers said. Asia has gained as investors worldwide spread their money around more. Many have moved away from U.S. holdings lately because of uncertainty about President Donald Trump’s trade and foreign policy plans. Hong Kong’s Hang Seng Index has climbed nearly 30% this year, doing better than major U.S. benchmarks. India’s main index is up about 10.8%. Taking advantage of good conditions, Chinese battery maker CATL pulled in $5.3 billion with a Hong Kong listing. Zijin Gold International brought in $3.5 billion from its debut. Both rank among the world’s biggest offerings this year. SK Hynix chairman weighs in on AI bubble debate Wild swings in U.S. stocks during November exposed problems with the global rush into artificial intelligence investments. Questions arose about whether markets had gotten caught up in a speculative bubble ready to burst. Concerns about extreme prices come as Chinese AI developers Zhipu AI and MiniMax, plus chip makers MetaX and Kunlunxin , plan their own listings. These deals could total billions of dollars. Meanwhile, the chairman of the South Korean conglomerate that owns leading memory chipmaker SK Hynix said artificial intelligence stocks could come under pressure after rising too fast and too much, but the industry is not in a bubble. Concerns about lofty AI stock valuations have begun to weigh on broader financial markets, while there are questions about when huge AI investments will translate into actual profits. “I don’t see a bubble in (the AI industry),” SK Group chairman Chey Tae-won said at a forum in Seoul when asked by the Bank of Korea governor about concerns over AI bubbles. “But when you look at the stock markets, they rose too fast and too much, and I think it is natural that there could be some period of corrections,” he said, adding that AI stocks have been climbing beyond their fundamental value. Chey said “overshooting” in stock valuations is not new for a growth industry, and the development of AI would lead to significant productivity gains. Shares in SK Hynix , which supplies high-end memory chips to power Nvidia’s powerful AI chipsets, surged 214% over one year, propelled by robust demand for its products from AI data center builders, which are investing trillions of dollars. The South Korean company reported in October another record quarterly profit, driven by the AI boom, and said it has sold out all its chip production for next year, expecting an extended chip “super cycle.” Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
BitcoinWorld Ethereum Price Analysis: A Stunning 170% Rally to $8,500 Could Be Imminent Is history about to repeat itself for Ethereum? A compelling Ethereum price analysis is making waves, suggesting the second-largest cryptocurrency is mirroring the exact pattern that launched its legendary 2021 bull run. This technical setup points toward a potential surge that could redefine market expectations. Let’s dive into the details and explore what this could mean for your portfolio. What Does This Ethereum Price Analysis Reveal? Crypto analyst Mags has identified a critical pattern in the ETH/BTC trading pair. According to his Ethereum price analysis , the pair bottomed in April at a level identical to its low point in the previous bull cycle. This isn’t just a minor coincidence; it’s a foundational signal that technical analysts watch closely. The subsequent price action has followed the historical script, with a rebound and a retest of key support levels. This pattern alignment suggests the market structure is preparing for a significant move, much like it did three years ago. Could We Really See a 170% Surge? The most eye-catching part of this Ethereum price analysis is the projected target. Mags highlights that ETH is now approaching the same juncture that, in 2021, preceded a staggering 170% rally over just seven weeks. This historical move consisted of seven consecutive weekly green candles before a period of consolidation. If this fractal pattern repeats, the math is straightforward: a similar percentage gain from current levels would propel Ethereum’s price to approximately $8,500. This projection isn’t based on hype but on a measurable, repeatable chart pattern observed by a seasoned analyst. Why Should Traders Pay Attention Now? This Ethereum price analysis offers more than just a price target; it provides a potential roadmap. Understanding these patterns helps traders and investors make informed decisions. However, it’s crucial to remember that past performance never guarantees future results. The crypto market is influenced by numerous factors, including: Macroeconomic conditions like interest rates and inflation. Network developments , such as Ethereum protocol upgrades. Overall market sentiment and Bitcoin’s dominance. Regulatory news that can impact the entire sector. Therefore, while the technical setup is bullish, a holistic view of the market is essential. What Are the Risks in This Bullish Forecast? Every optimistic Ethereum price analysis must be balanced with a dose of reality. The primary risk is that the pattern fails to execute. Markets are fractal but not perfectly predictable. A break below the recently retested support levels could invalidate the bullish thesis. Furthermore, the crypto landscape in 2024 is different from 2021, with new institutional players and evolving regulations that could alter market dynamics. Investors should use this analysis as one tool among many, not as a sole decision-making guide. Actionable Insights from the Pattern For those monitoring this Ethereum price analysis , here are practical steps to consider: Monitor the ETH/BTC pair: Its strength is a key indicator of Ethereum’s standalone momentum. Watch for weekly closes: Consecutive green weekly candles would be a strong confirmation signal. Set clear risk parameters: Define your entry, exit, and stop-loss levels before the volatility potentially increases. Diversify your research: Complement technical analysis with fundamental news about Ethereum’s adoption and usage. Conclusion: A Compelling Case for Optimism In summary, the current Ethereum price analysis drawing parallels to 2021 presents a fascinating and potentially lucrative scenario. The alignment of key bottoming patterns and support retests builds a credible case for a major upward move. While a surge to $8,500 is the dramatic headline, the true value for savvy market participants lies in recognizing these high-probability setups and managing their strategy accordingly. The coming weeks will be critical in determining if this historical echo transforms into a new rally for the ages. Frequently Asked Questions (FAQs) Q1: What is the main evidence for this Ethereum price prediction? A1: The analysis is based on a technical pattern where the ETH/BTC trading pair bottomed at the same level as in the 2021 cycle and has followed a similar rebound and retest structure, suggesting a repeat of the historical rally. Q2: How long did the similar 2021 rally take to play out? A2: The 2021 surge that this pattern references involved a 170% gain over a period of approximately seven weeks, marked by seven consecutive weekly gains. Q3: Is technical analysis alone reliable for crypto investing? A3: No. While technical analysis like this Ethereum price analysis can identify trends and potential setups, it should be used alongside fundamental analysis, an understanding of market sentiment, and proper risk management. Q4: What could invalidate this bullish Ethereum price analysis? A4: A decisive break below the recently tested support levels on the ETH/BTC chart would weaken the bullish pattern. Additionally, severe negative macroeconomic or regulatory news could override technical signals. Q5: Where can I follow updates on this analysis? A5: The original analysis was noted by Cointelegraph, referencing analyst Mags. For ongoing updates, follow reputable crypto news outlets and technical analysis channels. Q6: Should I invest based solely on this pattern? A6: Absolutely not. This analysis highlights a possibility, not a certainty. Always conduct your own thorough research, consider your financial goals and risk tolerance, and never invest more than you can afford to lose. Did this Ethereum price analysis give you a fresh perspective on the market? If you found this breakdown helpful, share it with your network on social media! Spreading knowledgeable insights helps build a more informed crypto community. Click your preferred platform below to start the conversation. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum price action and institutional adoption. This post Ethereum Price Analysis: A Stunning 170% Rally to $8,500 Could Be Imminent first appeared on BitcoinWorld .
Bitcoin and altcoins have experienced sudden and sharp declines over the past two months. These sharp declines were seen by some whales as buying opportunities and they made additional purchases. At this point, a whale also bought Ethereum (ETH) and seven other altcoins. According to Lookonchain's post, the whale, taking advantage of the drop, bought a total of $35.7 million worth of eight different altcoins. The whale, who made his biggest purchase in Ethereum, also purchased Chainlink (LINK), Ethena (ENA), AAVE, Ondo Finance (ONDO), Uniswap (UNI), SKY and LDO, in addition to ETH. The whale moved these altcoins on-chain to the 0xBC64 wallet. “Accordingly, the whale bought 3,175 ETH ($10.13 million), 557,937 LINK ($7.99 million), 20.14 million ENA ($5.82 million), 25,396 AAVE ($4.9 million), 6.53 million ONDO ($3.27 million), 340,849 UNI ($2.05 million), 22.59 million SKY ($1.09 million), 384,075 LDO ($244,000). “ While this whale made a basket of altcoins with Ethereum and seven other assets, another whale staked the 24,000 ETH he bought at $2,529 five months ago instead of selling it. This whale's unrealized profits reached over $55 million, but he didn't sell. His current profits have fallen from the peak to $14.4 million. *This is not investment advice. Continue Reading: Giant Whale Bought Low: Ethereum (ETH) and 7 Other Altcoins Made Big Buys!
Bitcoin’s short-term direction may depend more on Strategy’s financial strength rather than on the recent uptick in miner selling, according to a new JPMorgan analysis. The bank’s assessment indicates that the company’s ability to maintain its large Bitcoin reserve is becoming increasingly important. Visit Website
BitcoinWorld Bybit & Block Scholes Report: Market Sentiment Shows Early Signs of Recovery DUBAI, UAE, Dec. 5, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume has released its latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, revealing cautiously optimistic signals in cryptocurrency markets following a volatile start to December. The analysis examines market dynamics following December 1st’s sharp selloff, triggered by hawkish signals from the Bank of Japan. Despite positive developments including Vanguard’s opening of crypto ETF trading, derivatives data suggests traders remain cautious given that major cryptos are still trading well below all-time highs. “Cryptocurrencies have been buffeted by multiple crosswinds, from shifting expectations surrounding major central bank policies, to mounting concerns over the viability of DATs,” said Han Tan, Chief Market Analyst, Bybit Learn . “Major crypto prices are likely to remain beholden to macro forces over the immediate term, especially with the pivotal Fed rate decision looming, even as the crypto world attempts to shake off the ghosts of the Oct 10 liquidation event,” he added. Key Highlights: Market Recovery Underway: BTC has recovered to a two-week high above $93,000, while ETH reclaimed the psychological $3,000 level following a sharp early-December selloff triggered by hawkish signals from the Bank of Japan. Positive catalysts including Vanguard’s decision to open its platform for crypto ETF and mutual fund trading have supported the rebound. Subdued Downside fear: Options traders have significantly reduced their bearish positioning, with put-call skew premiums declining sharply from 10-13 percentage points at the start of the month to just 2-4 percentage points currently. This indicates traders are pricing crash protection with far less premium than just one week ago. Muted Leverage Activity: Open interest in perpetual futures has increased modestly during the recovery, though it remains well below pre-October 10, 2025 levels. The data suggests lower participation rates in leveraged positions, with recent selloffs showing no signs of liquidation cascades that typically characterize over-leveraged markets. The Fading Bear: Block Scholes’ proprietary Risk Appetite Index indicates that while sentiment is shifting in a positive direction, market participants have not yet turned bullish. This cautious stance is unsurprising given that both BTC and ETH continue to trade significantly below their all-time high levels. The report also spotlights Basic Attention Token (BAT), which has surged over 100% since 11 October to around $0.27, significantly outpacing the broader altcoin recovery. The Ethereum-based token, which powers Brave browser’s privacy-focused advertising ecosystem serving over 100 million monthly users, has helped make social tokens the second-best performing sector over the past month, trailing only privacy coins. For detailed insights, readers may download the full report . #Bybit / #TheCryptoArk / #BybitLearn About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit & Block Scholes Report: Market Sentiment Shows Early Signs of Recovery first appeared on BitcoinWorld .
JPMorgan analysts say the near-term direction of Bitcoin’s price now depends less on miner behavior and more on the financial resilience of Strategy, the world’s largest corporate holder of Bitcoin, even as mining pressure and market volatility persist. In a report led by managing director Nikolaos Panigirtzoglou, the bank identified two forces currently weighing on Bitcoin. The first is a recent decline in Bitcoin’s network hashrate and mining difficulty. The second is the growing market focus on Strategy’s balance sheet and its ability to avoid selling its Bitcoin holdings during the ongoing market downturn. High-Cost Bitcoin Miners Capitulate as Hashrate Slips and Margins Collapse The decline in hashrate reflects a combination of China reiterating its ban on private mining activity and high-cost miners outside the country retreating as falling Bitcoin prices and elevated electricity costs squeeze profitability. JPMorgan now estimates Bitcoin’s production cost at $90,000, down from $94,000 last month. The estimate assumes electricity priced at $0.05 per kilowatt hour, with every $0.01 increase adding roughly $18,000 to production costs for higher-cost miners. Source: Glassnode With Bitcoin trading near $92,000 , JPMorgan said the asset continues to hover close to its estimated production cost, creating sustained selling pressure from miners. As profits tighten, several high-cost producers have been forced to liquidate Bitcoin holdings in recent weeks to remain solvent. Despite those pressures, JPMorgan said miners are no longer the key driver of Bitcoin’s next major move. Instead, attention has shifted to Strategy’s ability to maintain its Bitcoin position without being forced into sales. Strategy’s enterprise-value-to-Bitcoin-holdings ratio currently stands at 1.13. That figure reflects the combined market value of its debt, preferred stock, and equity relative to the market value of its Bitcoin treasury. Source: BitcoinTreasuries.NET According to JPMorgan, the fact that the ratio remains above 1.0 is “encouraging” because it shows that Strategy is unlikely to face pressure to sell Bitcoin to meet interest or dividend obligations. The company recently reinforced that position by creating a $1.44 billion U.S. dollar reserve through ongoing at-the-market equity sales. The reserve is designed to cover dividend payments and interest expenses for at least 12 months, with the company targeting coverage of up to 24 months. JPMorgan said the reserve significantly reduces the risk of forced Bitcoin sales in the foreseeable future. JPMorgan Sees $170K Bitcoin Scenario Despite Strategy’s MSCI Index Risk Strategy’s Bitcoin accumulation has slowed sharply in recent months, though it remains deeply exposed to price movements. In November, it added 8,178 BTC in its largest purchase since July , bringing total holdings to roughly 650,000 BTC. Its basic market capitalization stands near $54 billion, with an enterprise value of about $69 billion. Markets are also watching an upcoming decision by MSCI on whether to remove Strategy and other digital-asset treasury companies from its equity indices. JPMorgan said the downside risk from exclusion is largely priced in. Since MSCI launched its review in October , Strategy’s share price has fallen roughly 40%, underperforming Bitcoin by about $18 billion in market value. JPMorgan estimates that an MSCI exclusion could trigger $2.8 billion in passive outflows, with as much as $8.8 billion at risk if other index providers follow suit. Even so, the bank said further downside would likely be limited. By contrast, if MSCI keeps Strategy in major indices, JPMorgan said both Strategy and Bitcoin could rebound sharply toward pre-October levels. Beyond corporate balance sheets, JPMorgan continues to point to broader crypto market structure for longer-term upside. The bank said perpetual futures deleveraging appears largely complete following record liquidations in October . At the same time, Bitcoin’s volatility ratio relative to gold has improved, strengthening its risk-adjusted appeal to investors. Based on those metrics, JPMorgan reiterated its volatility-adjusted comparison of Bitcoin to gold, which implies a theoretical Bitcoin price near $170,000 over the next six to twelve months if market conditions stabilize. Notably, Bitcoin is currently trading about $68,000 below that level. The post Bitcoin Price Could Hit $170K — But Strategy ‘Resilience’ Is Vital: JPMorgan appeared first on Cryptonews .