Market maker Wintermute warns that investors who believe they missed their entry point after Bitcoin’s breakout risk missing the start of a new bull cycle entirely. The market has entered a young cycle stage where capital is gradually moving from the largest cryptocurrencies into riskier assets. Nearly $1 billion has flowed into Bitcoin spot ETFs over the past three weeks, with tokens like UNI and ARB surging almost 40% in a week. Wintermute identifies two key levels: $82,000 as the bullish breakout point and $72,000 as the scenario-invalidation zone. The next major test will come on September 11 with the release of the U.S. Consumer Price Index data.
Source: Read the original article
