JPMorgan: Bitcoin Futures Oversold, Gold and Silver Futures Enter Overbought Territory

Odaily News JPMorgan stated that momentum indicators show Bitcoin futures are oversold, while gold and silver futures are overbought, reflecting significant positioning by institutional and momentum traders in precious metals.

The bank noted that since August, retail investors have shifted from Bitcoin to gold and silver, pointing out that based on increasing allocations from private investors and central banks, the long-term price expectation for gold is $8,000 to $8,500 per ounce. (The Block)