JPMorgan: The "animal spirits" indicator for meme and AI-related tokens outperforms the overall cryptocurrency market

ChainCatcher news, according to Jinshi reports, JPMorgan analyst Nikolaos Panigirtzoglou pointed out in a report this Monday that the spot Bitcoin ETF attracted $1.3 billion in new investor funds in the first two days of this week, bringing its total inflow for October to $4.4 billion, making it the third-largest month for net inflows since the launch of the spot Bitcoin ETF in January. In another measure of retail investors' "animal spirits," meme stocks and AI-related tokens also outperformed the overall cryptocurrency market.

It is reported that the concept of "animal spirits" was proposed by economist Keynes, emphasizing the impact of investor sentiment and psychological factors on the market. He believed that the stock market is driven by investor confidence and expectations. When investor confidence is strong, the stock market tends to perform well; when investor sentiment is low, the stock market may decline.