Wintermute released a report stating that the crypto market has entered the late stage of a bear market, but the true bottom may not be reached until September to October due to macroeconomic conditions and capital flows. The report noted that Bitcoin has fallen below $60,000, and spot ETFs have recently experienced net outflows of approximately $1.8 billion. Regarding Strategy’s latest capital framework, Wintermute stated that increasing the STRC dividend, initiating a share repurchase program, and authorizing the sale of up to approximately $1.25 billion in Bitcoin will help reduce capital structure risk.
Wintermute Report Suggests Crypto Market Bottom in September–October
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Summary
Wintermute’s latest market trends report suggests the crypto market is entering the late bear phase, with a potential bottom emerging in September or October. Bitcoin has fallen below $60,000, and spot ETFs have experienced a $1.8 billion net outflow. The updated capital framework includes higher STRC dividends, a share buyback, and a $1.25 billion authorization to sell Bitcoin in order to reduce risk. Value investing in crypto remains a key focus as the market moves toward stabilization.
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