Wintermute: Crypto Market Leverage Has Largely Been Cleared After Hawkish Fed and Iran Deal Collapse

TLDR: Wintermute reports crypto leverage has largely been flushed out following a week of heavy long liquidations. The Fed’s dot plot flipped to an implied hike, pushing December rate hike odds to roughly 77% from 24%. Strategy bought 1,587 BTC for ~$100M between June 8–14, clearing the earlier forced-seller narrative. Wintermute sees range-bound trading as [...]

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