After Bitcoin fell below $62,000, analysts at Wintermute see no signs of a return in capital inflows to digital assets. The correction, during which Bitcoin lost about 14% in a week and fell to lows in September 2024, experts link it with institutional sales and steady outflows from spot Bitcoin ETFs. They do not consider the current position as a confirmed market ground and point to the need for steady pressure from customers for reversal.

The key pressure factor is weakening demand. After May 30, US-based Bitcoin Spot ETFs showed 10 consecutive net outflow sessions, with cumulative losses totaling about $2.97 billion over this period. May as a whole was the worst month of 2026 in outflows: -$2.43 billion.

Wintermute also noted the symbolic value of Strategy’s sale of 32 Bitcoines between 26 and 31 May - the first such deal since 2022. The volume in the company was deemed inessential.

Data from the OTC terminal Wintermute show that retail investors have lately been pure sellers, switching to stocks; US institutions have taken the lead, while flows in Asia and Europe have remained balanced.

Technically, analysts point to the weak support intensity in the $50,000-59,000 range: Bitcoin quickly passed this zone on the rise in 2024. Some of the long-term capital is already gradually gaining positions at current levels, but to confirm the trend shift, the market needs a return of stable inflows.