MarketPR
Wintermute is warning that $BTC has not yet found a bottom, pointing to nearly $3 billion in ETF outflows and stalled capital inflows as the primary evidence.
The trading firm traced bitcoin's sharp drop below $62,000 to U.S. institutional selling rather than Strategy's comparatively small bitcoin sale.
Without confirmed inflow recovery, Wintermute says it is too early to call a floor.
Institutional Flows, Not One Seller, Drove the Decline Wintermute's analysis breaks from narratives that pinned $BTC's slide on a single actor.
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