Wu Blockchain has learned that Wintermute stated in a market update that its outlook has turned more optimistic as BTC broke out of a six-week trading range and saw net inflows of approximately $1.92 billion and $693 million into BTC and ETH spot ETFs, respectively, over the past week. However, this rally has also been accompanied by the liquidation of around $2.7 billion in short positions, making the sustainability of future ETF fund flows a key factor. Wintermute noted that if BTC ETFs experience net outflows in a single week and BTC closes back below the old range of $67,000, they will revert to a cautious stance. Wintermute also highlighted the U.S. Treasury's announcement to increase the single repurchase size of 10- to 30-year Treasury bonds from a maximum of $2 billion to at least $4 billion starting September 9, viewing this as an important backdrop for the shift in market liquidity expectations during this cycle. https://(wublock123.com)/news/wintermute-bullish-warns-etf-net-outflows-could-erase-support-67173