JPMorgan Sees Wave of Crypto Deleveraging From FTX’s Woes

JPMorgan said investors can potentially look for a bottom in bitcoin (BTC) pricing through its production cost, which has sometimes acted as a floor. The current production cost is about $15,000, though it’s likely to revisit the $13,000 it hit in recent months, implying a decline of around 25% from here, the bank noted.