Wintermute Says Crypto Selling Pressure Nears Exhaustion

Crypto market maker Wintermute said digital assets have remained resilient despite macro headwinds, including hawkish divisions within the Federal Reserve and the forced unwinding of an AI-focused US equity fund reportedly measured in the tens of billions. The relative stability matters because it suggests crypto market structure and investor risk appetite may be holding up better than in previous periods of broad deleveraging.

Wintermute’s latest report said incremental selling pressure is close to exhaustion as capital exits less-liquid, long-tail altcoins and moves toward major assets such as Bitcoin and Ethereum, as well as exchange-traded fund products. The material provided did not specify the report’s publication date or the exact amount and currency of the AI-fund liquidation, leaving the reported tens-of-billions figure subject to further confirmation.