Wintermute sees key BTC support at $75K-$76K

Cryptocurrency market maker Wintermute has identified a key support zone for BTC at the $75,000 to $76,000 level, noting that the market structure has not yet completely broken down. The firm explained that while the macroeconomic environment has improved with recent declines in oil prices and stable U.S. Treasury yields, the crypto market has shown relative weakness compared to U.S. stocks. It pointed to over $2 billion in outflows from spot BTC ETFs over the past two weeks, with institutional capital appearing to shift toward AI-related equities. Looking ahead, Wintermute suggested that if the $75,000 to $76,000 support holds, BTC could retest the $80,000 mark. However, a break below this level could lead to a retest of the $70,000 to $72,000 range.