Wintermute Says Bitcoin Could Still Fall Into the $50,000 Range
Wintermute, a leading crypto market maker and OTC desk, warned that BTC’s rebound from the low-$60,000s does not confirm a structural bottom, with ETF, stablecoin and DAT flows still showing no clear reversal. Wintermute said Bitcoin could remain choppy in thin summer liquidity and may still fall into the $50,000 range, adding that the key signal is whether ETF and stablecoin inflows return sustainably.
Investor expectations for a Fed rate hike are rising. Bank of America’s June fund manager survey shows 40% expect at least one hike in the next 12 months, up from 16% in May. Rate-cut hopes fell sharply, with only 28% expecting cuts versus 50% last month. Prediction markets also show growing odds of a Fed hike before 2027.
🕵️♂️ The recent $BTC correction appears to have attracted buyers back into the market.
Accumulation Trend Scores have turned higher across multiple wallet cohorts, suggesting supply is being absorbed as investors step in following the move down to $60K.
BRUTAL: U.S. DOLLAR HAS LOST 30% OF ITS PURCHASING POWER OVER THE LAST 6 YEARS, PER NYT
Most Americans report worsening finances as the LOSS in purchasing power is increasingly visible across the economy, with real disposable income up just 0.4% YoY.