$ETH Wu Shuo learned that crypto market maker Wintermute stated in its latest weekly market report that the recent crypto market rally is more like a “relief rally,” driven mainly by factors such as weakening U.S. employment data, a dovish shift in Fed policy expectations, easing tensions in the Middle East, and progress in Ethereum institutionalization, rather than a structural improvement in the market. Wintermute pointed out that although Bitcoin spot ETFs have ended a streak of 10 consecutive trading days of net outflows and recorded approximately $222 million in net inflows on July 2, the cumulative capital flows for the year remain significantly negative, so they remain cautious about a trend reversal.$ETH ‌