Bitcoin Climbs 10% to $64,023 Over Past Week, Wintermute Calls It 'Textbook Relief Rally'

According to Wintermute, Bitcoin rose nearly 10% over the past week to about $64,023, touching a two-week high above $64,500, with the market maker describing the move as a "textbook relief rally." The firm attributed the rebound to three factors: easing macroeconomic conditions, a more dovish Federal Reserve stance, and improving headlines around Ethereum and institutional adoption.

Bitcoin exchange-traded funds recorded inflows of $222 million on July 2 and $265 million on Monday, snapping a 10-day outflow streak. However, Wintermute noted that sustained inflows across consecutive sessions are needed before the bounce can be considered a genuine reversal, as Bitcoin remains about 50% below its October 2025 record of $126,080.