Wintermute: Holding $82,500 Is Key Test for Bitcoin's Next Move
- —Wintermute: $82,500 is the key support; a close below would weaken the breakout
- —US spot bitcoin ETF inflows fell from $999M to under $150M over the week
- —Retail investors are taking BTC profits and rotating into altcoins
- —Brent near $100 a barrel could raise odds of an October Fed rate hike
Why it matters: Holding $82,500 and the 50-week average will determine whether bitcoin's rally and the rotation into altcoins can continue.
Source: Bloomingbit