Crypto market maker Wintermute cautioned that Bitcoin’s recent rebound from the low-$60,000s does not yet confirm a lasting market bottom. According to the firm, key indicators including ETF flows, stablecoin activity, and digital asset trading (DAT) flows have yet to show a clear reversal in trend. Wintermute expects Bitcoin to remain volatile amid typically thin summer trading conditions and warned that prices could still fall into the $50,000 range. The firm said the most important signal for a stronger recovery will be the sustained return of ETF and stablecoin inflows, which would indicate renewed investor demand and broader market strength.
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