$BTC MACRO REPRICING JUST HIT HARD ⚠️
Wintermute says global markets are shifting from rate-cut timing to rate-hike risk as stronger data and inflation pressure tighten the tape. $BTC briefly cleared $83,000, then pulled back sharply as altcoins saw double-digit drops and wealth managers moved into de-risk mode.
The move was not backed by strong spot demand. Wintermute points to a short-squeeze in perpetual futures, with $BTC derivatives open interest jumping by $100 billion to $580 billion while spot volume fell to a two-year low.
ETF inflows and low exchange reserves are bullish long term, but near-term liquidity is fragile. Real spot buyers need to return fast, or momentum stays under pressure.
Not financial advice. Manage your risk.
#BTC #Bitcoin #Crypto #Macro #BinanceSquare
⚡
