Svmuu News: According to Wintermute’s latest report, the global market narrative has rapidly shifted from “when interest rates will be cut” to “whether interest rates need to be raised.” Driven by resurgent inflationary pressures and hot macroeconomic data, momentum in the crypto market has cooled. Bitcoin After briefly breaking above $83,000, prices have retreated, with major altcoins generally recording double-digit declines this week.The report notes that this rally was primarily driven by short squeezes in the perpetual futures market rather than spot buying; during the same period, open interest in Bitcoin derivatives increased by $10 billion over one month to $58 billion, while spot trading volume fell to a two-year low.Although spot ETFs have recently seen net inflows of $623 million and exchange reserves Bitcoin have fallen to a seven-year low, this remains insufficient to offset short-term macroeconomic risks. (Finance Feeds)