Wintermute warns bitcoin’s rebound could turn into another trap without renewed ETF inflows

Wintermute said bitcoin’s rebound was helped by a U.S. inflation reading that met expectations and by easing geopolitical stress. The firm cautioned that a durable crypto-market bottom is still unconfirmed. It said a clearer return of inflows into ETFs, stablecoins and digital-asset treasury vehicles is needed for confidence in the move, according to its weekly market outlook.