Wintermute: Crypto Is Losing Its Flow Support as ETF Outflows MountWintermute said crypto is losing...

Wintermute: Crypto Is Losing Its Flow Support as ETF Outflows MountWintermute said crypto is losing support from capital flows, while equities remain backed by earnings expectations. Last week, BTC fell 3.2% and ETH dropped 7.0%, with U.S. spot BTC and ETH ETFs recording $679M and $542M in net outflows, respectively. BTC ETF outflows were the largest weekly total since late June.Wintermute said a sustained recovery requires long-term Treasury yields to stabilize and spot ETF flows to turn positive. Until then, BTC remains vulnerable to volatility and downside risks, while low-quality altcoin rallies should be approached cautiously. The firm remains constructive long term but would turn more cautious if the U.S. 30-year Treasury yield exceeds 5.64% or BTC repeatedly fails to break above $82,500.

Source: Wu Blockchain