Forwarded from Wu Blockchain News
Wintermute: Long-Term Funds Are Buying BTC in OTC Tranches
Wintermute, a leading crypto market maker and OTC desk, said crypto has failed to follow the broader risk-asset rally for two straight weeks, as about $2 billion flowed out of BTC and ETH ETFs while fresh capital moved into AI stocks and small caps. The firm said long-term funds have started buying BTC in batches through OTC desks, seeing current levels as attractive on an 18-month horizon, with key downside support around $60,000 to $65,000. — link
Wintermute, a leading crypto market maker and OTC desk, said crypto has failed to follow the broader risk-asset rally for two straight weeks, as about $2 billion flowed out of BTC and ETH ETFs while fresh capital moved into AI stocks and small caps. The firm said long-term funds have started buying BTC in batches through OTC desks, seeing current levels as attractive on an 18-month horizon, with key downside support around $60,000 to $65,000. — link
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Keep an eye on the primary supports, as we've typically noted the previous cycles BTC ATH as the new Floor post rally - the bleeding stopped at 60k last major dump, hopefully we don't have to test that again 🙏
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Forwarded from Watcher Guru
Forwarded from Crypto News
🚨🚨 ETF Flows: 02 Jun 2026
🔴 Bitcoin ETFs: -$519.1M net outflows
🔴 Ethereum ETFs: -$90.2M net outflows
🟢 Solana ETFs: $6.5M net inflows
🟢 Hyperliquid ETFs: $3.1M net inflows
@News_Crypto
🔴 Bitcoin ETFs: -$519.1M net outflows
🔴 Ethereum ETFs: -$90.2M net outflows
🟢 Solana ETFs: $6.5M net inflows
🟢 Hyperliquid ETFs: $3.1M net inflows
@News_Crypto
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Forwarded from Watcher Guru
Whales who didn't like the idea of institutionalization already exited