Wintermute: AI Trade Loses Policy Tailwind as S&P 500 Falls 4.4%

Cointime reports: Crypto market maker Wintermute said the AI trade has lost its “Washington tailwind” after the US midterm elections, with markets repricing AI regulatory risk. The S&P 500 fell 4.4% last Thursday, its worst single-day drop since April 2025. December rate-hike odds rose to about 77% from 67% a week earlier after nonfarm payrolls came in at 165,000 versus roughly 60,000 expected. Bitcoin touched $81,000 Wednesday, fell to $73,500 Sunday and closed below its 50-week moving average; spot Bitcoin ETFs saw $1.28 billion in net outflows last week.