Wintermute Warns Bitcoin Bottom Is Unclear With ETF Outflows Near $3B
Key Takeaways Wintermute said exchange-traded fund (ETF) outflows, not Strategy’s 32 BTC sale, drove bitcoin below $62,000. U.S. spot Bitcoin ETFs lost $2.97B in 10 days, signaling weaker institutional demand. Wintermute sees accumulation near $62K but says fresh inflows must return to confirm a bottom. Wintermute Sees Early Bitcoin Accumulation but Says Recovery Lacks Confirmation…
