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Wintermute: Bitcoin lacks the capital inflow needed to confirm the market bottom

CoinNetwork
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According to Crypto Jie, Wintermute warned in its latest market report that the recent sell-off in Bitcoin has not yet established a durable market bottom, due to missing institutional demand and continued capital outflows from spot Bitcoin ETFs. Based on Crypto.News data, Bitcoin (BTC) traded near $61,828 on Tuesday, down 3.18% over the past 24 hours and more than 14% over the past week. The broader cryptocurrency market was also under pressure, with total market capitalization down 2.8% to $2.21 trillion. Data from Crypto Jie shows that in the past day, more than $1.78 billion worth of leveraged positions were liquidated, with losses primarily borne by long traders. Wintermute noted that the recent correction is different from past ones because institutional demand has continued to worsen rather than stabilize. The company believes the market remains fragile, and there has not yet been a meaningful return of large buyers. Wintermute also mentioned that Blackstone’s IBIT led the outflows, with losses of about $1.38 billion, while Fidelity’s FBTC recorded outflows of approximately $201.9 million.
BTC-3.45%
IBIT-2.14%
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DrinkWaterBeforeTheMarket
· 6h ago
Wintermute's words are quite straightforward; institutions are moving, and the outflow of ETF funds indicates that smart money isn't optimistic about the short term. The bottom is still early, so let's wait a bit longer.
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AutumnTranquility
· 6h ago
The market dropped 14% and ETFs continued to bleed, with a large portion of leverage wiped out.
Talking about the bottom now is indeed just self-comfort; wait until institutions flow back in.
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FoldedCosmosCat
· 7h ago
1.78 billion liquidated—longs were absolutely wiped out. Blackstone led the pullback and exit of funds totaling 1.38 billion. This signal is way too obvious—don’t rush to buy the dip.
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