# Wintermute Identifies $73,000 Bitcoin Close as Downside Trigger By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/52368 Published: 2026-11-09T14:55:31.000Z Updated: 2026-11-09T14:55:31.000Z Section: Investing > Bitcoin traded at $74,555 Monday morning after U.S. spot Bitcoin funds recorded $1.28 billion in net outflows last week. 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. ## Links in this article - [wiped out the funds’ net inflows for 2026](https://www.tokenpost.com/news/investing/52228)