Wintermute: Bitcoin Faces First Test After Breakout, $82,500 Is Key Level

Wintermute reported that risk assets continued to rise last week despite the U.S. 10-year Treasury yield surpassing 5%. Crypto assets led the gains, with Bitcoin reclaiming its 50-week moving average. The firm identified $82,500 as a critical level to watch, noting that stability above this point could solidify the recent breakout. Meanwhile, institutional interest in year-end low-delta call options and call spreads continues to grow.