{"id":10563,"date":"2026-07-08T06:16:21","date_gmt":"2026-07-08T06:16:21","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10563"},"modified":"2026-07-08T06:16:21","modified_gmt":"2026-07-08T06:16:21","slug":"bitcoin-climbs-10-but-wintermute-warns-the-rally-may-not-last","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10563","title":{"rendered":"Bitcoin Climbs 10%, but Wintermute Warns the Rally May Not Last"},"content":{"rendered":"

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  • Bitcoin rose nearly 10% over the past week to about US$64,023, touching a two-week high above US$64,500.<\/span><\/li>\n
  • Market maker Wintermute called the move a \u201ctextbook relief rally\u201d driven by macro easing, a dovish Fed and Ethereum headlines.<\/span><\/li>\n
  • Bitcoin remains down about 50% from its October record of US$126,080, and Wintermute wants sustained inflows before calling a reversal.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin (BTC) rose nearly 10% over the past week to trade around US$64,023 (AU$92,193), touching a two-week high above US$64,500 (AU$92,880), and market maker Wintermute told clients the rebound is a \u201ctextbook relief rally.\u201d<\/p>\n

    Wintermute pointed to three drivers behind the move: easing macroeconomic conditions, a more dovish tone from the Federal Reserve, and improving headlines around Ethereum and institutional adoption. \u201cThis looks like a textbook relief rally, and it makes sense given the input,\u201d the firm said in a market update.\u00a0<\/p>\n

    \"\"\"\"
    Source: TradingView<\/figcaption><\/figure>\n

    Ethereum (ETH) rose 13.54% during the same bounce to about US$1,791 (AU$2,579), outpacing Bitcoin\u2019s gain, with the move tied to institutional tokenisation headlines.<\/p>\n

    One catalyst was US payroll data that came in at 57,000 jobs against expectations of about 110,000. The miss pushed traders to reprice the odds of a further Federal Reserve rate hike to around 25%, and Bitcoin gained ground alongside other risk assets. Wintermute\u2019s data showed whales accumulating more than 270,000 BTC near Bitcoin\u2019s 200-week moving average during the period.<\/p>\n

    Related: Russia\u2019s Digital Ruble Set to Go Live as Banks Confirm Readiness for September Deadline<\/strong><\/p>\n

    The Flows Behind the Move<\/h2>\n

    Bitcoin exchange-traded funds have started buying again. The funds snapped a 10-day outflow streak with US$222 million (AU$319.68 million) in inflows on July 2, followed by US$265 million (AU$381.6 million) on Monday. Before that, the funds had recorded outflows for 10 straight sessions, and their year-to-date net outflows still total US$5.4 billion (AU$7.78 billion). BlackRock\u2019s IBIT kept seeing redemptions even as the headline flows turned positive.<\/p>\n

    In its market update, Wintermute said it wants to see inflows sustained across consecutive sessions before it reads the bounce as a genuine reversal. \u201cUntil that broader capital flow picture actually turns, this reads as relief rather than something structural,\u201d the firm said.<\/p>\n

    Bitcoin sits about 50% below its October record of US$126,080 (AU$181,555). The price has recovered to a two-week high after a months-long slide from that peak. Wintermute\u2019s stated position is that the rally rests on easing macro conditions and a short run of ETF inflows, and that the firm needs a longer stretch of buying before treating the move as a lasting shift.<\/p>\n

    Related: Robinhood\u2019s Tenev: Crypto\u2019s Future Isn\u2019t Memecoins \u2013 It\u2019s Real-World Assets Onchain<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Market Analysis,Wintermute#Bitcoin #Climbs #Wintermute #Warns #Rally1783491381<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin rose nearly 10% over the past week to about US$64,023, touching a two-week high above US$64,500. Market maker Wintermute called the move a \u201ctextbook relief rally\u201d driven by macro easing, a dovish Fed and Ethereum headlines. Bitcoin remains down about 50% from its October record of US$126,080, and Wintermute wants sustained inflows before calling<\/p>\n","protected":false},"author":1,"featured_media":10564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,3350,541,220,858],"class_list":["post-10563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bitcoin","tag-climbs","tag-rally","tag-warns","tag-wintermute"],"yoast_head":"\nBitcoin Climbs 10%, but Wintermute Warns the Rally May Not Last - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10563\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Climbs 10%, but Wintermute Warns the Rally May Not Last\" \/>\n<meta property=\"og:description\" content=\"Bitcoin rose nearly 10% over the past week to about US$64,023, touching a two-week high above US$64,500. 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