Wintermute Sounds the Alarm: Bitcoin Draws Safe-Haven Flows as Altcoins Tumble
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Wintermute warns: without a bitcoin on $87,000 there is no altcoins rally. SOL pays the bill for a rotation that concentrates money on BTC. The entry The Bitcoin sets the $82,500: the broken liquidity of altcoins leaves SOL at the mercy of the rally aparece primero en Merca2.
Wintermute warns altcoins fall 5.7% as funds shift to BTC, $
🚨 $82,500 is now the key support in Bitcoin after altcoins drop 5.7% this week. ⚡ Funds shifted from altcoins to $BTC as spot ETF demand slowed and macro pressure grew. 📉 US inflation data and upcoming FOMC meeting seen as potential market disruptors. Continue Reading:Wintermu...
Altcoins may need a Bitcoin breakout to escape the sell-off
Crypto money is flowing away from altcoins to Bitcoin as spot ETF demand wanes and other cryptocurrencies experience a sell-off, according to market maker Wintermute and the market overview from Phemex. The message for those holding altcoins couldn’t be clearer – there will be no broader uptrend without Bitcoin’s leading move. Wintermute reportedly estimated that the $82,500 mark is a new key level for Bitcoin’s short-term movement. The line tha…
Wintermute Sounds the Alarm: Bitcoin Draws Safe-Haven Flows as Altcoins Tumble
TL;DR Wintermute identifies $82,500 as a critical level for Bitcoin as macroeconomic uncertainty puts pressure on digital assets. Altcoins face heavier selling, while investors favor Bitcoin and selected large-cap cryptocurrencies amid declining liquidity and rising market correlations. The October 28 Federal Reserve meeting could trigger a breakout from Bitcoin’s current trading range, with inflation, technology ...
🚨 Bitcoin is stuck around $82,500 as the market tightens ahead of the Fed meeting. 📉 With US inflation rising to 3.7%, selling accelerated in altcoins, while $BTC remained relatively strong. 📅 Wintermute notes that the long period of sideways movement could be broken by Wednesday's FOMC meeting. Read More: Bitcoin Holds Around $82,500 as Market Tightens Ahead of Fed Meeting The article "Bitcoin Holds Around $82,500 as Market Tightens Ahead of…
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