NewsDialy

Wintermute Warns It's Too Early to Call a Bitcoin Bottom as ETF Outflows Approach $3 Billion

6/17/2026

Crypto trading firm Wintermute is cautioning investors against declaring a floor for $BTC, pointing to nearly $3 billion in ETF outflows and a persistent absence of returning capital inflows.

The firm traced the asset's sharp drop below $62,000 primarily to U.S. institutional selling, not to the widely discussed bitcoin sale by Strategy, which Wintermute described as comparatively small.

Without meaningful inflows resuming, the firm says calling a market bottom remains premature. What Actually Pushed Bitcoin Lower Wintermute's analysis separates signal from noise in the recent selloff.

institutional actors pulling back, a move reflected in the ETF outflow figures approaching $3 billion.