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Wintermute says bitcoin bull market still in early stage; watch $82,000 and $72,000

Some investors who think they missed the entry point after bitcoin’s sharp rise may instead miss the early phase of a new bull cycle, U.Today reported. Market maker Wintermute said the current move is a pause before the next leg higher, citing stock-market fatigue and a rotation of funds into bitcoin and ether. It flagged $82,000 and $72,000 as key levels and said the U.S. CPI on Sept. 11 is a major variable.

Crypto

Five factors for bitcoin this week, from Fed minutes to Bank of Japan and whale inflows

Bitcoin has recovered to the $64,000 range, but it ended the week trading below the 200-week simple moving average, keeping concerns about the long-term trend alive. Markets are watching whether the break is temporary or a signal of further declines. This week’s drivers include U.S. PMI data and the Federal Reserve’s July meeting minutes, Japan’s rate outlook and rising bond yields, weak spot bitcoin ETF flows, and a rise in whale deposits on exchanges.

Crypto

Bitcoin, Ethereum ETF inflows return but Wintermute says bullish turn not yet

Inflows into U.S. spot bitcoin and ethereum ETFs have picked up again, but market maker Wintermute said it is too early to conclude the market has shifted into a full-fledged bull phase. It said sensitivity to economic data and policy variables remains high and that bitcoin has lagged equities despite broader risk-asset strength, suggesting selling may be offsetting ETF demand. Wintermute flagged upcoming U.S. inflation and spending data and key September policy and legislative dates as major catalysts.