👀 Wintermute Labels Current Crypto Recovery a 'Technical Rebound', Warns of Bitcoin Drop to $50,000 🔹 Analysts at crypto market maker Wintermute stated that the digital asset market has entered a consolidation phase following a sharp decline, noting that a sustainable recovery will require the return of institutional capital. 🔹 In their view, the current rally is merely a short-term technical rebound. They emphasized that the key indicators to watch remain inflows into spot Bitcoin ETFs, stablecoin supply growth, and institutional investment product volumes. Without a demand revival, experts suggest BTC could test the $50,000 level. 🔹 Wintermute pointed out that the crypto market experienced a massive sell-off two weeks ago, with Bitcoin shedding roughly 14% in a single week—a move most market participants attributed to distribution by whales and large players. 🔹 However, according to the firm's analysis, the underlying catalyst was a degradation in macroeconomic sentiment fueled by renewed inflation fears in the US, alongside the exhaustion of the previous upward momentum.