Wintermute attributes Bitcoin’s 10% weekly gain to ETF inflows, Fed policy shifts, and macro easing, but calls it short-term.
Bitcoin climbed nearly 10% over the past week, trading at $64,023 after hitting a two-week high above $64,500. The rally follows a 10-day outflow streak reversal in Bitcoin ETFs, which saw $222 million in inflows last week.
Despite the rebound, Bitcoin remains nearly 50% below its October peak. Market maker Wintermute described the move as a relief rally, citing dovish Fed signals, easing macro conditions, and institutional adoption trends as key drivers.
The firm suggested the bounce reflects temporary sentiment rather than a structural shift, though it expects further modest upside from current levels.