Jefferies Sees No Clear Bottom in Crypto Market

Friday, Feb 6, 2026 6:03 am ET1min read
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Jefferies analysts warn that recent price stabilization in crypto should not be mistaken for a confirmed market bottom. Despite Bitcoin and Ethereum trading near levels that have historically attracted dip-buying, the current drawdown reflects broad institutional de-risking and global risk aversion rather than any breakdown in blockchain fundamentals. Institutional activity, net outflows from spot ETFs, and selling by large Bitcoin holders remain dominant drivers, preventing a durable base from forming.

Jefferies Sees No Clear Bottom in Crypto Market

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