HNIW30HTX
06/17 07:38
Market maker Wintermute has released its weekly market report, highlighting key factors that drove risk appetite in the market. The US-Iran ceasefire agreement and positive CPI data boosted market sentiment. Wintermute notes that Bitcoin's risk-reward ratio is attractive around 60,000, with each sell-off removing weak holders and leaving a stronger, more committed group. However, this does not necessarily mean the bottom has been established, and a drop to 50,000 is possible before the situation improves. The focus should be on capital flows, rather than prices or headlines. The upcoming speech by Warsh and the US-Iran agreement will be crucial in determining market direction. BTC remains a key token to watch
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