Wintermute: The institution is realizing some of its BTC gains, with 75k still being the key support level.

ME News message, May 26 (UTC+8). Wintermute said that BTC has seen two consecutive weeks of ETF outflows exceeding $1 billion (after inflows for the prior six weeks), suggesting that institutions are taking advantage of strong gains to realize some recent positive returns. Even more worth watching is AI. Nvidia turned in a textbook-level, better-than-expected performance, but there was almost no movement after hours. Incremental outperformance no longer shifts the needle. If AI momentum fades, the macro backdrop (record-low consumer confidence, sticky inflation, and the Fed with a hawkish takeover led by Jerome Powell) will carry more weight, and cryptocurrencies will not be spared.

BTC’s long-term structure remains intact (reserves at multi-year lows, long-term holders continuing to accumulate, CLARITY making progress, and HYPE doing what early major tokens should do). But in the short term, price is being driven by fund flows—and right now, they are negative.

$75.0k to $76.0k is a key support zone for BTC. If it holds here, BTC will move back toward retesting $80k; if it breaks below this range, it could quickly slide to $70k to $72k. (Source: Foresight News)