️Wintermute: Bitcoin's nearly 10% rebound is a "textbook-style" correction, not a structural shift Market maker Wintermute stated that Bitcoin's recent nearly 10% rebound is a "textbook-style rally" rather than a structural shift in the market, and the company remains cautious. They pointed out that the current trend can be explained by three factors: easing macro conditions, a dovish tone from the Federal Reserve, and positive developments like Ethereum and institutional adoption. The market may continue to edge higher. However, Wintermute emphasized that a single data point does not constitute a trend. Sustained capital inflows are needed to confirm a structural shift. Until broader capital flows truly turn around, the current movement is merely a correction.