Wintermute warns the crypto market lacks fresh capital support, with US spot Bitcoin ETFs seeing $679M in net outflows and Ethereum ETFs $542M last week. Bitcoin fell from $86K-$87K to as low as $80.4K before rebounding above $83K. Wintermute remains cautious until long-term Treasury yields stabilize and ETF flows turn positive, advising against chasing low-quality altcoins.