JPMorgan: crypto-native leverage drove sell-off; ETFs barely flinched

JPMorgan attributes the recent Bitcoin (BTC) and Ethereum (ETH) sell-off to crypto-native leverage rather than institutional exits, noting that spot ETFs and CME futures absorbed minimal forced selling while perpetual futures markets faced sharp deleveraging across both assets. Bitcoin fell 13. 1% from $122,316 on Oct. 3 to $106,329 by Oct source: https://cryptoslate.com/jpmorgan-crypto-native-leverage-drove-sell-off-etfs-barely-flinched/