Bitcoin’s Next Move May Have Nothing to Do With AI — Wintermute Points to Oil

TL;DR Bitcoin’s latest decline reflects growing macroeconomic pressure , with oil prices emerging as a key driver of investor sentiment. U.S. spot Bitcoin ETFs recorded $636 million in net outflows on Thursday as crude oil climbed to $116.72 per barrel. The Federal Reserve held interest rates at 3.75%–4% , while inflation concerns and Bitcoin’s struggle to reclaim $82,500 leave traders watching critical support levels. Bitcoin is facing renewed pressure as rising oil prices and inflation concerns take priority over artificial intelligence spending in financial markets. Crypto market maker Wintermute says the shift in macroeconomic conditions is shaping Bitcoin’s short-term direction, challenging the idea that digital assets can move independently of traditional markets.

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