Bitcoin May Quickly Drop to $70K if It Breaks Below $75K This Week: Wintermute

BTC-0.68%
ETH-1.09%
According to Wintermute, Bitcoin faces downside risks this week as U.S. inflation reignites and interest rate expectations reverse. BTC and ETH declined 5.7% and 10.2% respectively this week, underperforming stocks as capital flows to inflation-sensitive assets. The 10-year Treasury yield climbed to 4.58%, with Fed policy expectations shifting from rate-cut bets to concerns over additional hikes. Market focus is on the $76,000–$78,000 range; if Bitcoin breaks below $75,000 alongside falling funding rates and ongoing ETF outflows, it could rapidly descend to the $70,000 zone. Brent crude rose 8.6% this week, reflecting the broader macro shift.
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