Wintermute: Rate-hike expectations and ETF outflows put BTC、ETH under pressure
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AT A GLANCE
Rate-hike expectations and ETF capital outflows combined, causing BTC and ETH to decline this week.
Article
Wintermute: Expectations of rate hikes intensify, compounded by ETF capital outflows,BTC with ETH under pressure and declining this week
PANews October 13 reported that, according to Wintermute’s weekly market update, minutes from the Federal Reserve meeting showed that most officials expected another rate hike before year-end, with no mention of a rate-cut path. The U.S. 10-year Treasury yield reached a multi-decade high. As a result,BTC fell 3.2%, retreating to approximately the 83000 USD range;ETH fell 7.0%; while the S&P 500 index rose 1.2%, reaching a new all-time high. In terms of fund flows, U.S. spot BTC ETF recorded net outflows of approximately 679000000 USD, the largest single-week outflow since June;ETH ETF saw outflows 542000000 USD. CoinGlass data showed that, near Thursday’s low, approximately 24 were liquidated within 1190000000 USD, of which long positions accounted for 1060000000 USD。ETH was also placed under additional pressure by news that researchers associated with the Ethereum Foundation advised users to migrate to a new address...
Wintermute’s weekly market update said that most Federal Reserve officials expected another rate hike before year-end, with no mention of a rate-cut path.
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The U.S. 10-year Treasury yield reached a multi-decade high.
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BTC fell 3.2%, retreating to approximately the 83000 USD range;ETH fell 7.0%。
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U.S. spot BTC ETF recorded net outflows of approximately 679000000 USD，ETH ETF saw outflows 542000000 USD。
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Near Thursday’s low, approximately 24 were liquidated within 1190000000 USD, of which long positions accounted for 1060000000 USD。
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The S&P 500 index rose 1.2%, reaching a new all-time high.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Market reports said that investors’ expectations of rate hikes intensified, while the cryptocurrency ETF experienced capital outflows,BTC and ETH therefore came under pressure and declined. The price decline was also accompanied by the forced liquidation of a large number of leveraged positions.
Why it matters to readers
ETF Outflows and leveraged liquidations indicate short-term market pressure, but these materials do not state how prices will necessarily change subsequently.
ETF Outflows mean that the relevant funds sold more overall than they bought; liquidation means that leveraged traders were unable to meet margin requirements and their positions were forcibly closed.
Risks and unknowns
The content was relayed by PANews from Wintermute’s update; the original text was not provided in the evidence.
The evidence did not provide direct primary-source materials for the Federal Reserve meeting minutes,ETF capital-flow data, or the U.S. 10-year Treasury yield.
The figures in phrases such as “approximately 83000 USD range” and “approximately 679000000 USD” are approximate values.
Not stated by the evidence ETH The specific reasons and impact cited by foundation-affiliated researchers for recommending migration to a new address.
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Related concepts
ETF
An exchange-traded fund (ETF) is a fund product that can be traded on the market like a stock.
A trading method that uses borrowed funds to establish a position larger than the trader’s own capital, thereby amplifying both potential gains and losses.
