- Wintermute said the recent strength in the digital asset (cryptocurrency) market is better viewed as a relief rally than a structural bull market.
- The report said Bitcoin (BTC) and Ethereum (ETH) rose 6.75% and 13.54%, respectively, and that whale investors accumulated more than 270,000 Bitcoin near the 200-week moving average.
- Wintermute said spot Bitcoin ETFs snapped a streak of 10 straight trading days of net outflows with $221.7 million in net inflows, but said fund flows still bear watching because cumulative net outflows this year remain at about $5.4 billion.
Forecast Trend Report by Period
Wintermute, a crypto market maker, said it is too early to treat the recent rebound in digital…
