Wintermute sees bitcoin grinding toward $59,000 as summer liquidity dries up
2026-06-24 05:19:21
Wintermute said bitcoin and ether are grinding toward the lower end of their recent ranges as summer liquidity thins and macro headlines weigh, according to CoinDesk. Its OTC desk cited last week’s hawkish Fed and stop-start Iran headlines, with options implying a tight 24-hour range of $61,242-$63,563 for BTC and $1,606-$1,694 for ETH. Wintermute flagged $59,000 as a key support level to watch. It pointed to three week-ahead catalysts: a U.S.-Iran peace deal and whether it holds, Thursday’s PCE inflation print, and month-end quarterly options expiry.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
