Wintermute: Institutions Liquidating BTC Profits; 75,000 Remains Key Support Level

ME News reports that on May 26 (UTC+8), Wintermute stated that Bitcoin has seen over $1 billion in ETF outflows for two consecutive weeks (after six prior weeks of inflows), indicating that institutions are capitalizing on recent gains. More notably, AI has lost momentum: NVIDIA delivered a textbook-beating earnings performance, yet saw almost no price movement after hours—incremental surprises no longer move the needle. If the AI momentum fades, macro factors—record-low consumer confidence, persistent inflation, and a hawkish Fed under Powell—will gain greater weight, and cryptocurrencies will not be spared. Bitcoin’s long-term structure remains intact (reserves at multi-year lows, long-term holders continuing to accumulate, CLARITY progressing, and HYPE doing exactly what early-stage tokens should do). However, short-term price movements are driven by capital flows, which are currently negative. The $75,000–$76,000 range is critical for BTC; holding above it could reignite a push toward $80,000, while a breakdown may lead to a rapid decline toward $70,000–$72,000. (Source: Foresight News)