Wintermute: Retail Sells Bitcoin, Funds Rotate into Altcoins

Odaily News: Wintermute's OTC weekly report shows that its retail clients sold Bitcoin last week and rotated funds into altcoins. Wintermute noted that market breadth has expanded to levels at which, historically, the market has tended to flatline or decline over the following weeks more than 80% of the time, with the exception of early cycles. The firm hopes Bitcoin will continue to rise to create new wealth that feeds back into rotation, and lists oil prices, interest rates, and another Fed rate hike as the main external threats to the current market.