Wintermute: Bitcoin Range Breakout Delayed by ETF Outflows and Miner Selling
📉 Bitcoin is struggling to maintain its June range floor after $390 million exited US spot BTC ETFs last week, with miner selling and ETF redemptions contributing to a lack of demand.
💔 Despite lower rate-hike odds, Bitcoin failed to rally, sitting at around $64,000, down nearly 1% over the past month and 49% below its all-time high from October 2025.
⛏️ Miner selling is exacerbating the situation, as Riot Platforms reported significant BTC sales and a shift towards AI data centers, indicating ongoing pressure on Bitcoin's supply.
📉 Bitcoin is struggling to maintain its June range floor after $390 million exited US spot BTC ETFs last week, with miner selling and ETF redemptions contributing to a lack of demand.
💔 Despite lower rate-hike odds, Bitcoin failed to rally, sitting at around $64,000, down nearly 1% over the past month and 49% below its all-time high from October 2025.
⛏️ Miner selling is exacerbating the situation, as Riot Platforms reported significant BTC sales and a shift towards AI data centers, indicating ongoing pressure on Bitcoin's supply.