First off, JP Morgan is so contradicting it's beyond ridiculous. Today they publish a report on why it's all over for Bitcoin and the next day they'll predict Bitcoin will reach ATHs this year. But to be fair it's not just one person right, several different people and I guess teams/departments make these contradicting claims, so you've got to read between the (head)lines I guess. But this particular claim and consequent simplified conclusion is just deceptive in itself. Now, I'm not going in against basic market movement or anything, even Satoshi's himself once stated “price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more.” What I merely want to note is that it's not solely a left and right choice as some make it out to be, it's not an 'either sell now and live, or don't and die' ultimatum. When it comes to crypto mining, at the (Bitcoin)fork in the road we can also do this:

Walking in the middle there are all those that have been mining and stacking sats since 2015, and don't have to sell their newly mined coins to at least break-even or to guarantee their continuation here and now in 2022. They've lived through 500 Euro Bitcoin, 20.000 Euro Bitcoin, 60.000 Euro Bitcoin and now again 20.000 Euro. Seriously, what's with the FUD JPM? I get that some might indeed not be able to continue, I get that new machinery and it's costs is indeed an equation that weighs heavily, but this "160 billion bombshell" sell off claim of yours is de facto putting all miners in one and the same boat. But I have to admit, the price is indeed being pushed down by systematic selling over the past few weeks, pushing the price down towards the 19.000 Dollar mark, but you know what, at the same time some have been buying all those sales and propping the price back up to the 21.000 Dollar mark. Core Scientific for example stated to now hold just 1959 Bitcoin, that's a -79% drop in their total Bitcoin holdings since their last monthly update, so to who did all those coins go? Is someone profiting from the portion of the miners being forced to sell in order to stay afloat? I don't know, this is just speculating I guess. All I know is that the real danger here is getting stuck in a sort of downwards spiral where instead of certain sides buying up the forced sales and keep the price stable, everyone, and I do mean everyone, miners, whales, traders, hodlers etc. all try to beat each other to the punch (to an early sell) in hopes of saving value and make buybacks later at around the -35% estimate i.e. 13.000 Dollar Bitcoin. Oefff😬 that would absolutely decimate alts, especially after all the losses they already suffered the past months. At the time of writing Bitcoin is sitting at 21.000 Dollars, if the trend is correct there should be another drop any moment now, but you know that saying 'buy the rumor sell the news'? What if the opposite is true regarding bad/FUD news? Sell the rumor, buy the news? They have been "rumoring" about this for quite some time actually and now made this "bombshell news" report that suddenly got picked up by many outlets🤔. I don't know, I'm not here to give hocus-pocus advice or make pompous predictions, this is just me thinking out loud. I myself definitely didn't sell a single sat though based on this bombshell revelation of theirs. I guess I'll just sit here hodling for the time come and keep a closer eye on things to see what happens👀