Wintermute says crypto has lost flow support while equities retain earnings support. In its 12 October update, BTC was down 3.2% and ETH 7.0% for the week, while BTC spot ETF outflows were about $680M, the largest weekly total since June; Wu Blockchain reported $679M in BTC outflows and $542M in ETH outflows Wintermute’s update · Wu Blockchain’s summary.

$BTCEthereumWintermuteOct 13, 2026, 12:34 UTC

The firm says a sustained recovery needs long-term Treasury yields to stabilize and spot ETF flows to turn positive. Until then, it sees BTC as vulnerable to volatility and downside risk, and advises caution on low-quality altcoin rallies. It remains constructive long term, but says it would grow more cautious if the U.S. 30-year Treasury yield exceeds 5.64% or BTC repeatedly fails to break above $82,500 Wu Blockchain’s summary.

Outflows continued after the reported week: Wu Blockchain said BTC ETFs lost $65.40M and ETH ETFs $85.39M on 12 October, with ETH’s outflow streak reaching 10 days Wu Blockchain, 13 October.

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$BTCBitcoin, bitcoin

Ethereum

Wintermute

Answered Oct 13, 2026, 12:34 UTC

Sources 3

Research trace 10

The linked original X post
Latest posts of @WuBlockchain
Latest posts of @ethereum
Locate Wintermute’s own statement or research note and cross-check whether the supplied summary is faithfully attributed. The supplied Wu Blockchain post is dated 13 October 2026, so I’m also looking for subsequent reporting or context since 8 October.
The supplied post gives the reported figures and Wintermute’s conditions for recovery, but the reads so far found only Wu Blockchain and an aggregator repeating them. These reads look for Wintermute’s own statement and independent developments in flows after publication.
The supplied post establishes Wintermute’s stated outlook and thresholds, but searches found no original Wintermute note and no later wire or Telegram report. These reads seek independent confirmation of the flow figures and any update after 13 October.
The supplied Wu Blockchain post states the market view and thresholds; later searches found continued ETF outflows and a newer Wintermute post, but not the firm’s original note. These reads check Wintermute’s own latest commentary, the linked article, and independently reported flow, price, and yield context.
The latest linked Wintermute article and checks on the reported market figures and thresholds. The supplied Wu Blockchain post gives the outlook, and step 4 found a Wintermute article titled “Eyes on ETF flow support” plus indications that ETF outflows continued after the period it describes.
The original Wintermute article, accessed through its official X post, confirms BTC and ETH fell 3.2% and 7.0%, and reports about $680M in BTC ETF outflows. I’m checking for the precise recovery thresholds and independent, newer reports on flows since that market update before summarizing the outlook.
The supplied Wu Blockchain post and Wintermute’s 12 October market update cover the outlook, asset performance, and ETF flows; later posts indicate outflows continued on 12 October.