Wintermute: If Bitcoin falls below $75,000, it may quickly drop to the $70,000 range

By: rootdata|2026/05/19 19:42:57
0
Share
copy

Wintermute released a market outlook indicating that the cryptocurrency market has come under significant pressure this week due to the resurgence of inflation in the U.S. and a reversal in interest rate expectations. Bitcoin failed to break through the 200-day moving average when it first encountered a major macro shock, showing that the previous rally was driven more by short covering rather than sustained inflows of new capital.

The market environment has clearly changed, with U.S. CPI growth accelerating, core inflation exceeding expectations, and real wages turning negative. The yield on the U.S. 10-year Treasury bond has risen to 4.58%, while a new Fed chair with a more hawkish stance will take office in three weeks. The market's pricing of the Fed's policy path has also changed rapidly, shifting from betting on rate cuts to concerns about further rate hikes within just five trading days.

Cross-asset performance also reflects this change: Brent crude oil rose 8.6% this week, while Bitcoin and Ethereum fell 5.7% and 10.2%, respectively. Capital is flowing into assets that drive inflation, while cryptocurrencies have performed even weaker than the stock market during the downturn, a relative weakness that is considered a cause for concern.

Despite the long-term structural positives still in place, including Bitcoin reserves on exchanges remaining at multi-year lows, long-term holders continuing to accumulate, and the advancement of the U.S. crypto regulatory bill "CLARITY," institutional capital is more inclined to take profits on rebounds in the short term rather than continue to increase positions. The market is currently focused on the $76,000 to $78,000 range for Bitcoin; if it can hold this position after Nvidia's earnings report on Wednesday, market confidence may recover. However, if it falls below $75,000, along with a decline in funding rates and continued outflows from ETFs, it could quickly drop to the $70,000 range.

-- Price

--

You may also like

Hyperliquid has stirred up Wall Street, with regulations uncertain and market makers fleeing first?

When Hyperliquid was still an experimental field, the benefits could be enjoyed at no cost, but once it began to intersect with traditional finance, Wall Street would inevitably push it into the regulatory game rules.

When Hyperliquid takes away Solana's "internet capital market" script

If Solana cannot regain its dominance in the derivatives space in the second half of 2026, it may still be an excellent Meme paradise, but it will only drift further away from the dream of "carrying global assets."

Base native leveraged prediction market OmenX officially launches on the mainnet

OmenX aims to further push the prediction market experience towards a trading platform. Users can establish leveraged positions around event outcomes and make purchases, sales, and position adjustments before the event concludes, thereby expressing market views, managing risks, and participating in ...

WEEX Labs Co-Hosts ETHMilan 26 Openguin Party: Rooftop AI Trading Calling

Join WEEX Labs, Pudgy Penguins, and Berachain at ETHMilan 26 Openguin Party in Milan, a must-attend web3 event in Europe recently. Exclusive rooftop event with AI trading competition, exclusive merch, and top-tier networking.

Best Crypto Staking Platforms 2026: Is XRP Staking Really Worth It?

Whether you're eyeing XRP staking, Solana yields, or just wondering if staking crypto is worth the risk. This guide breaks down the real numbers, the best platforms, and what to watch out for in 2026.

Circle: From Issuance to Infrastructure

Circle is attempting to transform from a single-layer company into a full-stack financial platform that can operate and derive value across multiple layers of the payment stack.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com