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Wintermute: Long-term funds are gradually purchasing BTC over the OTC market.

WuSaidBlockchainW
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Abstract generation in progress
Wintermute states that the rally in the US stock market is spreading from AI chip stocks to the software sector, while the crypto market has failed to follow risk assets for two consecutive weeks. The report says that approximately $2 billion has recently flowed out of BTC and ETH ETFs, with more incremental funds flowing into AI stocks and small-cap stocks. Meanwhile, long-term funds have begun to buy BTC in batches through OTC channels, believing that the current price is attractive over the next 18 months; Wintermute estimates that BTC is currently around $72k, with key support levels below at the $60k to $65k range. The report also points out that HYPE has broken through $70 and continues to hit new all-time highs, becoming one of the few mainstream tokens this year that has decoupled from the overall crypto market trend. Funds are mainly flowing into application layer and trading platform projects rather than infrastructure tracks.
BTC-4.5%
ETH-4.3%
HYPE-4.16%
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BlueGlassJelly
· 4h ago
Trading platform projects attract funds; this wave is a victory for the infrastructure layer.
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LpGrandma
· 9h ago
Looking at BTC over an 18-month horizon, it's attractive, but in the short term, it still needs some polishing.
View OriginalReply0
YieldYardkeeper
· 10h ago
HYPE breaks new highs, and the application layer narrative finally has a contender.
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SudoSatoshi
· 10h ago
The software sector is experiencing a rebound, but cryptocurrencies are not following, indicating that additional capital has not yet flowed back in.
View OriginalReply0
Half-SectionSucculentPie
· 10h ago
Wintermute's reports are always data-driven; this time, the fund flow analysis was spot on.
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DoNotTouchTheLiquidationLine.
· 10h ago
The AI stocks' attracting capital effect is too obvious; a $2 billion outflow from crypto ETFs is not a small amount.
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GateUser-a68e8203
· 10h ago
I’ve noted the support zone between 60k-65k; the logic behind long-term funds “OTC foodies” is very clear.
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GateUser-170ee8b1
· 10h ago
HYPE has hit $70—this wave of decoupling really is intense. Other coins are still watching the U.S. stock market’s mood.
View OriginalReply0

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