Wintermute: Crypto Market Proves Resilience Against Hawkish Data as Capital Shifts from Stocks and Gold

Wintermute reported that the crypto market has withstood hawkish economic data, with Bitcoin maintaining its position above $80,000 despite a brief dip following stronger-than-expected August non-farm payrolls. Bitcoin ETFs recorded $987 million in net inflows, marking three consecutive weeks of growth totaling nearly $3.8 billion. Wintermute suggests that capital is rotating from stocks and gold into crypto assets, potentially signaling a new cycle. Key levels to watch are $82,000 for a breakout and $72,000 as a trend reversal indicator.