💬 #BTC

Wintermute: Crypto is losing support as ETF outflows grow, while stocks remain buoyed by earnings expectations. Outflows from BTC ETFs have reached their highest level since late June.

A lasting recovery will require long-term Treasury yields to stabilize and ETF inflows to pick up. Until then, BTC remains exposed to volatility and further downside, and low-quality altcoins warrant caution.