Wintermute: Long-Term Funds Are Buying BTC in OTC Tranches Wintermute, a leading crypto market maker and OTC desk, said crypto has failed t…
Wintermute: Long-Term Funds Are Buying BTC in OTC Tranches
Wintermute, a leading crypto market maker and OTC desk, said crypto has failed to follow the broader risk-asset rally for two straight weeks, as about $2 billion flowed out of BTC and ETH ETFs while fresh capital moved into AI stocks and small caps. The firm said long-term funds have started buying BTC in batches through OTC desks, seeing current levels as attractive on an 18-month horizon, with key downside support around $60,000 to $65,000.
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