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According to ChainCatcher, market sources report that the head of JPMorgan's digital asset markets business has confirmed that the bank plans to enter the cryptocurrency trading business. However, there are currently no plans to launch custody services. The company stated that it is instead exploring cooperation with third-party custodians to support its continuously developing digital asset business. JPMorgan acknowledged that through new business integration, bitcoin and related cryptocurrencies will significantly expand their market coverage.

ChainCatcher reported that glassnode released its weekly market report, stating that despite the severe impact of the crash event, the overall market structure remains intact. Bitcoin spot trading volume continues to be high, ETF inflows persist, and entity-adjusted transfer volumes indicate strong on-chain activity. These dynamics suggest that while leveraged participants have been forced out, structural capital and institutional demand still exist. Deleveraging marks a significant and necessary adjustment for the bitcoin market. Excessive leverage has been cleared, speculative positions have been reduced, and short-term market sentiment has been realigned. Although liquidity and broader market participation remain unchanged, momentum has slowed and profit-taking has cooled off. The market has now entered a consolidation phase, characterized by renewed caution, selective risk-taking, and a more prudent rebuilding of confidence in both the spot and derivatives markets.