Wintermute: BTC ETFs have seen net outflows of over $2 billion for two consecutive weeks, with initial signs of an AI rally "peaking".

CoinFeed reported on May 26th that, according to Wintermute, while US stocks hit new highs last week, BTC and ETH saw slight pullbacks. BTC fell approximately 1.5% to around $76,600, and ETH fell approximately 1.7%. Over the past two weeks, BTC spot ETFs have seen net outflows exceeding $2 billion, and the institutional buying that recently propelled BTC from $70,000 to $80,000 has clearly subsided, with ETH/BTC falling to a 10-month low. Meanwhile, US stocks continued to rise against the backdrop of falling oil prices and declining 10-year US Treasury yields. Nvidia's strong earnings and guidance were met with a lackluster after-hours reaction, indicating that the AI ​​sector is "perfectly priced in." Wintermute stated that if AI momentum weakens and macroeconomic pressures reappear, crypto assets may continue to face pressure in the short term, with the $75,000-$76,000 range for BTC becoming a key support level.