Crypto market-making firm Wintermute analyzed that the current key support level for BTC is around $75,000-$76,000, and the market structure has not yet completely collapsed. Wintermute explained, "While the macroeconomic environment has improved recently due to falling oil prices and stable US Treasury yields, the cryptocurrency market is showing relative weakness compared to the US stock market. Over the past two weeks, more than $2 billion has flowed out of BTC spot ETFs, and institutional funds are showing a trend of moving into AI-related stocks." Wintermute also predicted, "If the $75,000-$76,000 support line holds, BTC could retest $80,000, but if that range breaks down, there is also a possibility of retesting $70,000-$72,000."
