#wintermute

Following last week’s Bitcoin (BTC) surge to $83,000, the market is now facing a tougher test: whether $80,000 can hold as real support. Market maker Wintermute, in its latest digital asset report, said the move carries a warning label—“…The way it got here tells you to be cautious rather than euphoric.” Why Retrace Risks Remain […]

Bitcoin topped $83,000, but Wintermute says weak spot demand and rising open interest point to a short squeeze. Bitcoin rose above $83,000 as risk assets moved higher, but Wintermute warned that the rally may not be fully backed by spot demand. The firm said weak cash-market activity and rising leverage suggest the move was driven […] The post Bitcoin Tops 83000 But Wintermute Warns Spot Demand Remains Unusually Weak appeared first on Live Bitcoin News.