TechFlow reported, citing Coindesk, that JPMorgan stated in its latest research report that the crypto market is expected to rebound starting in August. Bitcoin reserves on major exchanges have declined over the past month due to creditor liquidations from Mt. Gox and Gemini, as well as the German government's sale of cryptocurrencies seized from criminal activities. As a result, the bank has revised its year-to-date net inflow estimate for the crypto market downward from $12 billion to $8 billion. The report notes that these liquidation activities are expected to conclude this month, with the market resuming recovery from August onward.
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