X @Joe Consorti

Market Sentiment & Whale Activity - Original Bitcoin whales are selling off their holdings, leading to negative market sentiment [1] - Despite the whale sell-off, 995 per 1,000 (99.5%) of funds in spot Bitcoin ETFs have not sold during the 20% drawdown [1] - The current market behavior represents a complete reversal of pre-2024 norms, indicating a fundamentally different market [1] Price Target & Valuation - JPMorgan predicts Bitcoin could reach $170 thousand in the next 6-12 months [1] - JPMorgan believes the deleveraging of perpetual futures is complete [1] - Bitcoin is currently undervalued compared to gold historically, suggesting significant upside potential in the next 6-12 months [1]