Wintermute: Last week's CPI met expectations + the Iran conflict ended, BTC rebounded but crypto liquidity has not yet reversed

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Mars Finance News, Wintermute stated in its latest market report that last week’s market experienced a significant rebound, mainly driven by two major factors: first, the May CPI data met expectations (year-on-year 4.2%), and there was no overheating beyond market concerns; second, the Iran conflict ended, the Strait of Hormuz reopened, and oil prices fell sharply. Wintermute believes that since October 2025, Bitcoin has experienced three corrections of over 20%, and the current drop from $83k to $60k is considered a "bear market false breakout." Currently, there is no structural reversal in the inflows of ETFs, stablecoins, and Digital Asset Treasury (DAT), and liquidity remains a key factor limiting the sustainability of the rebound. The report pointed out that BTC around $60k has an attractive risk-reward ratio, but the bottom has not yet been confirmed, and further decline to the $50k range cannot be ruled out.
BTC-1.38%
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