{"id":511084,"date":"2025-11-07T09:34:58","date_gmt":"2025-11-07T09:34:58","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1226901"},"modified":"2025-11-07T09:34:58","modified_gmt":"2025-11-07T09:34:58","slug":"bitcoins-20-october-slump-makes-it-attractive-against-gold-jpmorgan-says","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/07\/bitcoins-20-october-slump-makes-it-attractive-against-gold-jpmorgan-says\/","title":{"rendered":"Bitcoin\u2019s 20% October Slump Makes It Attractive Against Gold, JPMorgan Says"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/ChatGPT-Image-Nov-7-2025-at-01_10_44-PM.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li data-start=\"3400\" data-end=\"3529\"><strong>JPMorgan views on the Bitcoin\u2019s recent slump as buying opportunity, with leverage resets paving the way for a healthier the next uptrends.<\/strong><\/li>\n<li data-start=\"3533\" data-end=\"3667\"><strong>Despite nearing-term risks, Bitcoin\u2019s \u201cdigital gold\u201d narrative strengthens as it trades at a rare discount compared to physical gold.<\/strong><\/li>\n<\/ul>\n<hr>\n<p data-start=\"165\" data-end=\"535\">Bitcoin (BTC) now trading at a compelled discount to <a href=\"https:\/\/www.crypto-news-flash.com\/bitcoin-will-10x-gold-saylors-forecast\/\">gold<\/a>, according to a recent analysis from <a href=\"https:\/\/www.google.com\/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https:\/\/www.jpmorgan.com\/&amp;ved=2ahUKEwij2cDh3d-QAxXvS2wGHYHsNHsQFnoECBgQAQ&amp;usg=AOvVaw1qO3hlomb-9j8lVN2ZU2DN\" target=\"_blank\" rel=\"noopener\">JPMorgan<\/a> Chase. The investment bank\u2019s global markets strategist, Nikolaos Panigirtzoglou, arguing that the cryptocurrency\u2019s 20% slump last month has reset leveraging and volatility metrics, positioning BTC as an undervalued hedge against traditional safe-haven assets.<\/p>\n<p data-start=\"537\" data-end=\"969\">As Crypto News Flash (CNF) <a href=\"https:\/\/www.crypto-news-flash.com\/bitcoins-red-october-spills-into-november-btc-drops-below-100k\/\">highlighted<\/a> earlier, throughout October Bitcoin faced a major litmus test as investors lost about $500 billion during the recent corrections. This came amid the ongoing U.S. government shutdown and strong profit-taking by whales and institutions. Now, JPMorgan strategist Nikolaos Panigirtzoglou links the recent market analysis of Bitcoin (BTC) with its value relative to gold, stating:<\/p>\n<blockquote data-start=\"971\" data-end=\"1090\">\n<p data-start=\"973\" data-end=\"1090\">Having been $36,000 too high compared [with]gold at the end of last year, Bitcoin is now around $68,000 too low.<\/p>\n<\/blockquote>\n<p data-start=\"1092\" data-end=\"1296\">In addition, Panigirtzoglou attributing with the downturn primarily to aggressive deleveraging in perpetual futures markets, where open interest had spiked to unsustainable levels before a massive unwind.<\/p>\n<p data-start=\"1298\" data-end=\"1555\">For Bitcoin, October was brutal\u2014the asset peaked at $126,000 early in the month before cascading below $100,000 by early November. This 20% wipeout erased over $500 billion in market capitalization, according to recent market observations.<\/p>\n<p data-start=\"1557\" data-end=\"1984\">A pivotal trigger was the November 3 liquidation frenzy, exacerbated by the $128 million exploiting of the DeFi protocol Balancer, which rippled through crypto lend platforms and amplified the sell pressure. Subsequently, market reactions have been muted but telling. U.S. spot <a href=\"https:\/\/www.crypto-news-flash.com\/bitcoin-etfs-break-6-day-outflow-streak-record-240m-inflows-as-btc-holds-above-102k\/\">Bitcoin ETFs<\/a> saw modest redemptions\u2014though still far outpaced by October\u2019s inflows\u2014while equity markets wobbled on softer jobs data.<\/p>\n<h2 data-start=\"1986\" data-end=\"2035\">Market Price Implications for Bitcoin (BTC)<\/h2>\n<p data-start=\"2037\" data-end=\"2340\">JPMorgan\u2019s assessment leans decisively bullish for Bitcoin\u2019s price trajectory over the next 6\u201312 months. The October slump, while it was painful, acted as a healthy purge of overleveraged positions, restoring equilibrium and making BTC\u2019s risk-reward profile more attractive to conservative investors.<\/p>\n<p data-start=\"2342\" data-end=\"2704\">That said, bearish risks remain if deleveraging proves incomplete or external pressures increase, such as prolonged ETF outflows or a U.S. recession delays rate cuts. Bitcoin\u2019s correlation to equities (currently 0.65) suggests that further stock market weakness could drag BTC lower in the short term, potentially testing $92,000 CME gap support.<\/p>\n<p data-start=\"2706\" data-end=\"3082\">However, JPMorgan\u2019s view\u2014that the correcting enhances Bitcoin\u2019s long-term attractiveness\u2014outweighs these short-term headwinds. BTC remains well-positioned for net bullish gains as \u201cdigital gold\u201d continuesly capture investor attention in a fragmenting financial landscape. Investors should keep an eye on perpetuals open interest for signs confirming this pivot.<\/p>\n<p data-start=\"3084\" data-end=\"3300\">At the time of writing, Bitcoin (BTC) trades at $100,983, with a decrease of <span><strong>1.96%<\/strong><\/span> in the past 24 hours, according to CoinMarketCap\u2019s live data, with a market cap of around $2.04 trillion, reflecting the October<a href=\"https:\/\/www.crypto-news-flash.com\/jpmorgan-expands-institutional-crypto-integration-with-btc-and-eth-loan-collateral\/\"> correction<\/a> highlighted by JPMorgan. See BTC price chart below.<\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan views on the Bitcoin\u2019s recent slump as buying opportunity, with leverage resets paving the way for a healthier the next uptrends. Despite nearing-term risks, Bitcoin\u2019s \u201cdigital gold\u201d narrative strengthens as it trades at a rare discount compared to physical gold. Bitcoin (BTC) now trading at a compelled discount to gold, according to a recent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":511085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,10],"tags":[31,118,172,156,364,25,23081],"class_list":{"0":"post-511084","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-other","9":"tag-bitcoin","10":"tag-btc","11":"tag-crypto","12":"tag-gold","13":"tag-jpmorgan","14":"tag-news","15":"tag-october-slump"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/511084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=511084"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/511084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/511085"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=511084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=511084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=511084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}