JPMorgan has recently issued warnings about Bitcoin's market status, indicating that the cryptocurrency remains in 'overbought territory' despite experiencing a significant correction. Bitcoin's value sharply dropped more than 10% from a record high, with a notable 15% decline last week, which slightly recovered post-Federal Open Market Committee (FOMC) meeting. The bank's analysis suggests that the appetite for spot Bitcoin Exchange-Traded Funds (ETFs) has peeled back, and net inflows into these ETFs have slowed considerably. This trend, coupled with the upcoming April halving event, could lead to further sell-offs, according to JPMorgan.