Market maker Wintermute stated in its latest market report that the sale of 32 Bitcoins by Strategy had limited impact on its own, and the current downturn is mainly driven by U.S. institutional investors selling off and continued ETF outflows. Wintermute pointed out that there is still no clear sign of capital flowing back into the market, so it does not yet believe the market has reached a bottom. Additionally, since Bitcoin did not see sufficient trading volume in the $50K to $59K range during its 2024 rally, this area lacks significant technical support. However, some long-term capital has started to gradually buy into the current price range, believing that the long-term risk-reward ratio is improving. https://(wublock123.com)/news/wintermute-doesnt-call-bitcoin-bottom-long-term-funds-buy-the-dip-62476