📊 Wintermute: Markets Flip From “Rate Cuts” to “Rate Hikes” as #Bitcoin Rally Fades


Market maker Wintermute noted that inflation pressure is re-emerging in the core narrative, with market positioning shifting from “when cuts” to “whether hikes” within five #trading days. #Bitcoin briefly surpassed $82,000 due to momentum from Clarity Act developments but has since retreated to around $78,000, reflecting a 5.7% decline for the week. #Ethereum dropped 10.2%, with the ETH/BTC ratio falling to approximately 0.0275. Wintermute indicated that last week’s $BTC breakout was primarily driven by leverage and short-covering rather than spot-led confirmation, highlighting $76,000,$78,000 as crucial near-term support. They cautioned that rising yields and re-accelerating inflation could challenge the sustainability of immediate institutional bids. #macro
#cryptofactske
$ETH
BTC0.33%
ETH0.78%
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