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JPMorgan sees Bitcoin's skepticism as a potential upside if hedging demand eases, unlike gold's steadier recovery.

Market News
18 Sep 2026
Cointribune
View Source
Neutral
JPMorgan sees Bitcoin's skepticism as a potential upside if hedging demand eases, unlike gold's steadier recovery.

JPMorgan analysts highlight that Bitcoin remains more heavily shorted and hedged compared to gold, which has fully recovered ETF outflows in 2026. While gold ETFs have erased earlier outflows, Bitcoin ETFs have only recovered about half, showing more cautious investor positioning. This skepticism could become a support factor for Bitcoin if demand for hedging decreases, potentially allowing Bitcoin to catch up with gold. The outlook depends on future shifts in investor sentiment and market conditions, with Bitcoin's current lag presenting a possible rebound opportunity if defensive positions ease.

Bitcoin skepticism is highlighted alongside Pluang's market data showing 46 of 50 major cryptocurrencies rose on September 18, 2026. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Sep 18, 2026 17:54 WIB: SAND (The Sandbox) increased by 11.37% to Rp681 with a typical hold time of 123 days and a 40% Sell / 60% Buy order split; BAL (Balancer) rose 11.14% to Rp16.297 with an 85-day hold time; AAVE (Aave) gained 11.11% to Rp2.409.759, with a typical hold time of 105 days and 14% Sell / 86% Buy order activity.

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