Wintermute: NEAR Leads AI Sector as Capital Rotates Out of Crypto
- —Weekly outflows from spot Bitcoin ETFs hit $679 million, the highest since June
- —Ethereum ETFs saw $542 million in outflows; total liquidations reached $1.19 billion
- —Bitcoin fell 3.2% to $83K, while Ethereum dropped 7.0%
- —Only 11 of the 66 largest projects closed the week in the green; UNI lost 15.8%
Why it matters: The rotation into AI tokens signals a narrative shift: until Treasury yields stabilize and inflows return to Bitcoin ETFs, Wintermute sees buying altcoin rebounds as unjustified risk.
Source: U.Today