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Wintermute OTC Head: Major cryptocurrencies have broken below key moving averages, indicating a short-term exit of trend-following funds.

Wintermute OTC head Jake posted on social media saying, "Most traders naturally become trend followers, especially those who are purely profit-driven. Currently, BTC, ETH, and SOL are all trading below their respective moving averages, which is enough to make short-term speculators lose interest in them. But conversely, the same logic applies: once they move back above the key moving averages, capital will systematically flow back, and market momentum will recover accordingly."

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