Bitcoin Faces Deeper Crash Risk as Expert Warns, JPMorgan CEO Flags 2008 Crisis Parallels

JPMorgan Chase CEO Jamie Dimon questioned the fierce competition across the financial industry. He also stated that he observed similar patterns in the era before the 2008 financial crisis, which over-debt led to financial collapse.

Summary

• JPMorgan CEO Jamie Dimon warned about risky lending and AI risks, mirroring pre-2008 crisis conditions.
• Bitcoin prices plunged after Dimon raised concerns regarding the global financial crisis.
• Market analysts are monitoring ETF-driven liquidity risks and potential Fed interventions, as Dimon plans to transition to the executive chairman role

JPMorgan CEO Warns Lending Risks Similar to Pre-2008 Era

JPMorgan CEO Jamie Dimon said on Monday that some financial firms were doing “dumb things” while navigating investment market conditions, which reminded the pre-2008 crisis years.

“There’s always a surprise in a credit cycle,” Dimon said, adding that the “surprise has often been which industry.” He also stated, “You didn’t expect utilities and phone companies in ’08, ’09, and this time around, it might be software, because of AI.”

This comes when software stocks are facing a sharp sell-off in global markets, fearing that AI will replace their business models. Dimon also said that as competition toughens, firms take excessive lending risks to generate net interest income. He asserted that JPMorgan will not follow such a path.

Jamie Dimon expects the credit cycle to sour again, though he is not sure when. He has been warning for months about potential deterioration in credit quality. When auto lender Tricolor Holdings and car parts supplier First Brands Group imploded in 2025, Dimon said that as one “cockroach” was seen, he meant more would likely crop up.

CryptoQuant Points Bitcoin Breaks Premium Support Level

According to CryptoQuant data, Bitcoin’s recent plunge aligns with weakness in the Coinbase Premium Index. The firm reported that the 30-minute simple moving average briefly crosses above zero. However, it has failed to hold the level into next week.

Analysts view the rejection above zero as a potential reason for the latest downward trend. The lack of sustained recovery shows fading buying pressure.

CoinGape reported, Glassnode and 10x Research warned that the Bitcoin price might fall further. Crypto analyst Ted pointed to a structural breakdown, where Bitcoin lost the $65,000 support zone, revealing lower liquidity pockets. Strong bids are between $60,000 and $63,000; however, he warned that the stock market determines market direction.

Ted also added that the BTC taker buy/sell ratio has fallen below one. So, currently, sellers dominate the market. The monthly RSI has dropped below 38, aligning with cycle bottoms.

Bitcoin Volatility Deepens as TD Cowen Points to $450K Scenario

Bitcoin is trading at $65,586, making a moderate recovery of 3.5% over the past 24 hours. On February 24, the BTC price dropped again towards the $62,800 to $63,000 zone. The immediate resistance is between $64,500 and $65,000, while the support level is near $62,500. The short-term structure indicates a downward trend.

TD Cowen outlined a higher long-term Bitcoin valuation path. The firm signals a “supply shock” combined with a massive influx of institutional capital, which could drive a BTC token price to $450,000 in the long term.

TD Cowen also predicts that Bitcoin could reach near $225,00 by the end of fiscal 2027. It also forecasts BTC to reach $117,000 by December 2026.