Wintermute Weekly Report: Bitcoin Consolidates Gains as ETF Flows Turn Negative
Wintermute's weekly report notes that Bitcoin consolidated a 23% gain while facing resistance at $82k. Following nine days of net inflows, Bitcoin ETFs saw their first outflow of $202 million on Friday. Meanwhile, ETH, SOL, and XRP ETFs recorded significant weekly inflows. Market sentiment remains cautious ahead of the FOMC meeting, with key focus on upcoming non-farm payroll data.
Not investment advice.