Market maker Wintermute remains cautious, suggesting that recent Bitcoin action is a relief rally rather than a fundamental market change.
In brief
Wintermute believes recent Bitcoin and crypto price action is a clear relief rally, or short-term price recovery.
The market maker pointed to rising ETF inflows, macro easing, and a dovish Fed tone as contributing variables.
Bitcoin has jumped more than nearly 10% in the last week, but is still down nearly 50% from October's peak.
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Wintermute warns Bitcoin's bounce to $64K is a relief rally driven by macro factors, not organic crypto demand, citing weak ETF…
Wintermute’s weekly market outlook says bitcoin’s rebound was supported by an in-line U.S. inflation print and easing…
Bitcoin started July with a push beyond $60,000 as US dollar strength cooled, prompting renewed calls for a relief rally to…
With ETF outflows persisting and selling "nearly exhausted," analysts say Bitcoin is range-bound and waiting for a catalyst.
BTC traded around $63,500 after a six-day rally as Wintermute and Bitfinex flagged weak ETF demand, while K33 said 50% of supply…
Bitcoin velocity RSI suggests exhausted selling pressure, though elevated trader positioning urges caution on potential recovery.
