JP Morgan Accused of Manufacturing Oct 10 Crash Using 42-Day-Old Document
Yahoo Finance·2025-11-24 21:53

Analysts at Bitcoin For Corporations have accused JP Morgan Chase of causing the October 10 crypto market crash, citing a 42-day-old document that preceded the 19billionliquidationcascade.Adrian,ananalystatBitcoinForCorporations,saidtheOct10crashfeelsmanufactured.HepointedtoaJPMorganinvestornotewarningthatMicroStrategy(nowStrategy)riskedbeingdroppedfromtheMSCIUSAandNasdaq100indexes,estimating19 billion liquidation cascade. Adrian, an analyst at Bitcoin For Corporations, said the Oct 10 crash feels manufactured. He pointed to a JPMorgan investor note warning that MicroStrategy (now Strategy) risked being dropped from the MSCI USA and Nasdaq 100 indexes, estimating 2.8 billion in outflows for the largest Bitcoin corporate holder. “Th ...