Wu Blockchain (@WuBlockchain): Wintermute: ETH Is “Not the Right Asset” for the Current Macro Environment
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Wintermute: ETH Is “Not the Right Asset” for the Current Macro Environment ETH fell 10.2% this week, continuing to underperform across spot and derivatives markets, with the ETH/BTC ratio pressing 0.0275, according to Wintermute. The firm said Ethereum is “not the right asset for this macro” amid rising yields and renewed inflation concerns. Additionally, Wintermute argued that being outright long BTC at current levels means betting institutional investors will step back in despite rising Treasury yields and reaccelerating inflation, which may be difficult until markets fully digest the shifting macro backdrop. https://x.com/wintermute_t/status/2056684633937645688?s=20