JPMorgan analyst: The number of institutions entering the market is now rising, which will eventually make the BTC price more stable

According to EWN, JP Morgan analyst Nikolaos Panigirtzoglou pointed out that the exaggerated trading volume of cryptocurrency exchanges has caused some misleading, leading to an underestimation of the importance of Bitcoin futures. The current market structure may have undergone considerable changes, and the influence of institutional investors is growing. The BTC market structure has now been transformed from a retail driver in 2017 to an institutional purchase, and the number of institutions entering the market is now rising, which will eventually make the BTC price more stable.