Wintermute: Bitcoin closes week below 50-week MA, next level $68K

Cointime reports: Wintermute said bitcoin closed the week just below its 50-week moving average of $75,500, ending seven straight weeks above it, after falling back under $75,000. Spot bitcoin ETFs saw $12.8 billion in weekly net outflows, the largest since June, and over $1 billion in positions were liquidated Monday. Wintermute remains cautious while bitcoin trades below the 50-week average, flagging $68,000 as the next level to watch and $80,000 as the level that would shift its view.