Wintermute has released a report stating that the cryptocurrency market has entered the late stage of a bear market, but due to macroeconomic conditions and capital flows, the true bottom may not be reached until September to October. The report points out that Bitcoin has fallen below $60000, and spot ETFs have recently had a net outflow of approximately $1.8 billion. Regarding the latest capital framework of Strategy, Wintermute stated that the company's increase in STRC dividends, initiation of stock buybacks, and authorization to sell up to approximately $1.25 billion in Bitcoin will help reduce capital structure risk.
