As Wintermute puts it: “Positioning is light, conviction is absent, and until macro clarity returns, every rally will be perceived as an opportunity to derisk vs momentum to chase.” De Maere maintains that while a recovery into the second half of 2026 is possible, it will require patience that many market participants have already exhausted.
FAQ What is Wintermute’s current view on bitcoin?Wintermute says bitcoin is rangebound below $70,000 with light positioning and limited conviction. Who provided the analysis?The outlook comes from Wintermute, including commentary from trading strategist Jasper De Maere. What macro factors are influencing crypto?Strong U.S. jobs data, softer CPI, shifting rate expectations and cross-asset rotation are shaping price action. What technical level is key for bitcoin?Wintermute highlights the 200-week moving average as a major long-term support zone.Bitcoin Struggles to Surface Above $70K, Wintermute Notes
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