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Wintermute: <a href="https://xpertsstudio.com/bitcoin-wallet-moves-8-54-btc-after-15-years-showing-a-461981-gain/” title=”Bitcoin Wallet Moves 8.54 BTC After 15 Years, Showing A 461,981% Gain”>Bitcoin Range Breakout Delayed by ETF Outflows and Miner Selling
Bitcoin’s muted response to softer rate-hike expectations has raised questions about its near-term demand.
ByWayne Jones
Bitcoin is struggling to hold its June range floor after $390 million left US spot BTC ETFs last week, according to Wintermute’s newest market update.
The trading firm says falling rate-hike odds have failed to lift BTC, while ETF redemptions and miner selling have left the market without a strong
ETF Flows Fail to Sustain Bitcoin’s August Recovery
As Wintermute pointed out, July CPI came in at 0.1% month-on-month, cutting September rate-hike odds from roughly even to about one-in-three, with retail sales also posting their steepest decline since May 2025.
Almost nothing rallied on it: the S&P 500 added just 0.40%, long-dated Treasuries fell 0.87%, and BTC sat at the bottom, down 3.12%. CoinGecko data shows the cryptocurrency is currently around $64,000, up 1.2% over 24 hours. However, it is down nearly 1% over 30 days and 49% below its October 2025 all-time high.
Brent crude jumped 7.91% as Hormuz ship transits collapsed from 31 the prior weekend to five Saturday and zero Sunday, with the 60-day ceasefire expiring and talks stalled. A re-escalation that holds Brent near $89 puts the August CPI print at risk.
For Wintermute, that combination matters. Lower rate-hike expectations would normally improve the case for risk assets, but Bitcoin failed to respond. The firm said the market was moving toward a situation where “the inflation problem seems to be moving from the Fed’s hands to oil’s.”
The ETF picture was also weak. Roughly $390 million left US spot Bitcoin ETFs between August 10 and 14, the largest weekly redemption since early July. As CryptoPotato reported, Bitcoin ETFs recorded only one positive session last week, with Monday seeing $145 million leave the funds, followed by $61 million on Wednesday, $131 million on Thursday, and nearly $58 million on Friday. Tuesday brought just under $5 million of net inflows.
Source: cryptopotato.com