Wintermute warns altcoins fall 5.7% as funds shift to BTC, $82,500 key support

Capital continues to leave altcoins and concentrate in Bitcoin , as weakening spot ETF demand and persistent selling pressure weigh on the broader cryptocurrency market. Market maker Wintermute and trading platform Phemex reported that in the current climate, altcoin holders cannot expect a sustained uptrend unless Bitcoin takes the lead with a decisive price move. Wintermute identified $82,500 as a critical short-term support for Bitcoin, a level that recently shifted from resistance to a price point that bulls are working to defend after Bitcoin experienced limited losses during the week.

Source: CoinTurk News