Wintermute: Rising Treasury yields pressure Bitcoin as equities ride earnings strength
- —BTC -3.2%, ETH -7.0%, altcoins -2.9% for the week; S&P 500 +1.2%, Nasdaq +0.2%
- —US spot Bitcoin ETFs recorded about $679 million in weekly net outflows
- —Only 11 of 66 large-cap altcoins ended the week higher; UNI fell 15.8%
- —Wintermute: recovery needs easing yields and a return of ETF inflows
Why it matters: Until long-dated Treasury yields stabilize, Bitcoin will keep trading as a high-beta proxy for equities rather than a safe haven.
Source: FXStreet Crypto