Wintermute Identifies $73,000 Bitcoin Close as Downside Trigger

Crypto market maker Wintermute identified a daily Bitcoin (BTC) close below $73,000 as the condition for a possible move toward $68,000, as the cryptocurrency traded near that threshold Monday.

Bitcoin traded at $74,555 at 9:48 a.m. ET (14:48 UTC), down 1.82% over 24 hours. It had briefly fallen to about $73,500 Sunday.

Wintermute placed Bitcoin’s 200-day moving average near $73,000. Bitcoin’s weekly close was below its 50-week moving average, which the firm placed near $75,500. Wintermute’s $68,000 downside level depends on a daily close below $73,000, rather than a brief move beneath it during trading.

U.S. spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows last week, their largest weekly withdrawal since June. Those withdrawals wiped out the funds’ net inflows for 2026.

Wintermute sees Bitcoin moving more closely with U.S. stocks and other risk assets as risk appetite weakened after the midterm elections. In its more positive scenario, Bitcoin would hold above $80,000 while the spot funds returned to weekly net inflows.