Bitcoin Price Forecast: JPMorgan Fads BTC as Devaluation Trade Retreat Accelerates
JPMorgan calls it. The devaluation trade, or macrothesis, that drove billions into the price of bitcoin and gold is ramping up, with the bank’s forecast showing a retreat accelerated specifically for BTC.
Bitcoin is currently trading above $63,000, down sharply from an October peak above $126,000 as institutional positioning shifts.
Analysts at JPMorgan noted a “broad retreat in devaluation trade by both retail and institutional investors,” citing easing tensions between the U.S. and Iran as a catalyst driving down the geopolitical premium in both bitcoin and gold.
BREAKING: JPMORGAN SAYS BITCOIN TRADING GROWTH WILL ACCELERATE. pic.twitter.com/asSIFD0TC2
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Currently, gold ETFs lost $20 billion in the week to June 5. U.S. spot bitcoin ETFs recorded $2.1 billion in outflows in June alone, erasing most of the previous year’s inflows. However, not everyone reads these numbers the same way, and this is where the real trade lives.
Fabian Dory, CIO of Swiss digital assets bank Sygnum, believes the outflow likely reflects the unwinding of cash-and-carry arbitrage rather than an outright capitulation. According to him, institutions are closing hedged futures positions as the underlying premium narrows rather than fleeing crypto.
Stablecoin exchange flows and supply remain normal, which supports Dora’s reading.
Learn: The best crypto to diversify your portfolio
Bitcoin Price Prediction: Where’s the Next Stop?
Bitcoin is trying to build a base in the low $60,000s after a violent pullback last May. $60,000 is also a critical spot level and previous short-term support, with higher passive demand clustered around $59,000, a level that would represent a full return to pre-rally accumulation zones.
The technical setup is a classic post-parabolic consolidation: momentum is broken, sentiment is split, volume is drying up. The market is either creating a leverage washout bottom or setting up for a deeper macro-driven pullback. Neither scenario is considered.
As ETF outflows start to fizzle out, macro data softens, BTC could regain $70,000 on fresh institutional buying. Even JPMorgan’s The 6-12 month upside target is around $170,000, with the long-term macro forecast stretching to $240,000-$266,000 based on parity with private sector gold reserves.
However, we may see a volatile consolidation between $60,000 and $65,000 as the arbitrage unfolds and macro clarity returns. Until we see a close below $59,000 with a re-opening of high volumes, the bottom will still hold.
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Bitcoin Hyper is targeting an early rally as Bitcoin tests important support
A $63,000 Bitcoin still means you’re buying an asset with a market cap of over a trillion dollars; the math is very different from 2020. This is an inconvenient truth for late-cycle spot buyers.
Early-stage infrastructure plays in the Bitcoin ecosystem offer a very different risk profile, especially with the acceleration of BTC Layer 2 development.
Bitcoin Hyper ($HYPER) positions itself as the first ever Bitcoin Layer 2 to integrate the Solana Virtual Machine (SVM), a technical approach that aims to address Bitcoin’s main limitations: slow transactions, high fees, and an almost complete lack of programming.
The project claims sub-Solana latency on BTC-secured rails, combining a decentralized canonical bridge for BTC transfers with high-speed smart contract execution. Pre-sales are up 32 million dollars at the current price USD 0.0136815with live betting for early adopters.
The contrast with spot BTC is stark: the input is a fraction of a cent versus five numbers. This asymmetry is height.
Explore Bitcoin Hyper here to the next price stage.
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