Bitcoin Needs Stable Treasury Yields, Renewed ETF Inflows to Extend Rally, Wintermute Says

Wintermute said Bitcoin (BTC) needs stable U.S. Treasury yields and inflows into spot ETFs to regain its upward momentum.
It said the market has recently seen the Fed's hawkish stance, a rise in the 10-year U.S. Treasury yield to 5.24%, declines in Bitcoin and Ether prices, and heavy net outflows from spot Bitcoin and Ether ETFs.
Wintermute said the market needs stable long-term Treasury yields and a return to net inflows for spot ETFs, and that investors should stay cautious if the 30-year U.S. Treasury yield moves above 5.64% or if Bitcoin repeatedly fails to rebound near $82,500.

Forecast Trend Report by Period

Bitcoin needs stable U.S. Treasury yields and renewed inflows into spot exchange-traded funds to regain its upward momentum, digital-asset market maker Wintermute said.

In a post on X on Oct. 13, Wintermute wrote that the crypto market has lost the momentum previously driven by capital inflows, while the U.S. stock market continues to be supported by corporate earnings. The firm said it would take a more positive view on digital assets if Treasury yields stabilize and ETF inflows resume.

Wintermute said the Federal Reserve's hawkish stance has recently weighed on crypto markets. Minutes from last week's Federal Open Market Committee meeting showed many officials expect another rate increase this year, while the yield on the 10-year U.S. Treasury climbed to 5.24%.

Bitcoin Needs Stable Treasury Yields, Renewed ETF Inflows to Extend Rally, Wintermute Says

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