Wintermute: Too early to call crypto market bottom

Cryptocurrency market maker Wintermute stated in its latest weekly report that it is too early to determine if the market has bottomed out. The firm noted that while a rebound in risk assets was driven by easing U.S. inflation concerns and reduced geopolitical risk from the end of the conflict in Iran, the recent crypto rally is more a reflection of recovering sentiment toward risk assets than the start of a new bull market. Wintermute analyzed that with no significant signs of improvement in areas like stablecoin net inflows, spot ETF fund flows, or the scale of digital asset treasury firms, it is premature to declare a market bottom.