[Wintermute: BTC ETF sees net outflows of over $2 billion for two consecutive weeks, signs of 'peak' in AI market emerge] According to Wintermute, while U.S. stocks hit new highs last week, BTC and ETH experienced slight pullbacks, with BTC dropping approximately 1.5% to around $76,600 and ETH falling about 1.7%. Over the past two weeks, BTC spot ETFs have seen cumulative net outflows exceeding $2 billion. The institutional buying that recently pushed BTC from $70,000 to $80,000 has noticeably receded, and the ETH/BTC ratio has fallen to a 10-month low. Meanwhile, U.S. stocks continued to rise against the backdrop of declining oil prices and a pullback in 10-year U.S. Treasury yields. Nvidia's "blowout" earnings and guidance were met with a muted after-hours reaction, indicating that the AI sector may have been "perfectly priced in." Wintermute noted that if AI momentum weakens and macroeconomic pressures resurface, crypto assets could face continued short-term pressure, with the $75,000–$76,000 range for BTC becoming a critical support level.