Wintermute: Bitcoin Needs Stable Yields and ETF Inflows to Resume Rally
- —Bitcoin ETFs saw $679 million in weekly outflows, the largest since late June
- —Ethereum ETFs lost $542 million as ETH fell 7.0% on the week
- —10-year Treasury yields climbed to 5.24% after hawkish FOMC minutes
- —Risk scenario: 30-year yields above 5.64% or repeated failures to bounce near $82,500
Why it matters: It signals that without ETF inflows and easing yields, Bitcoin will stay a high-volatility risk asset rather than resume its uptrend.
Source: Bloomingbit