💬 #BTC Wintermute: Crypto is losing support as ETF outflows grow, while stocks remain buoyed by earnings expectations. BTC ETFs have seen their largest outflows since late June.

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

CryptoCult