Market maker Wintermute states in a report that the bull cycle for digital assets is still in its early stages, making market entry relevant despite the rally already underway. Bitcoin was trading at $86,100 in early October 2026, up 2.4% for the week, with support at $82,500 and a next target range of $90,000 to $95,000. Yields on 10-year U.S. Treasuries reached 5.35% and 30-year yields hit 5.6%, their highest level since 2008, creating hidden macroeconomic risk for the crypto market. The altcoin index fell 1.1% for its first weekly decline since early August, representing healthy consolidation according to Wintermute. The market is awaiting November 3, when U.S. midterm elections are expected to reduce uncertainty around Treasury bonds.
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