Wintermute: This week, the key focus will be on FOMC's wording, with Bitcoin's support level standing at $76,000.

Wintermute released its weekly market report yesterday, stating that BTC fell 2.43% last week to around $80,500, marking its third consecutive weekly decline and retesting the $80,000 threshold. U.S. spot ETFs saw a net outflow of $636 million on Thursday, the largest single-day outflow since June. Wintermute noted that BTC is currently correlated with the performance of AI-related stocks, and the market’s reaction to Wednesday’s FOMC meeting and subsequent inflation data is critical: if the FOMC adopts a hawkish tone or inflation comes in higher than expected, it could trigger a sell-off of assets including BTC. The firm added that it is not bearish on the market outlook, but remains cautious until the FOMC meeting concludes and BTC rebounds back above $82,500, with the key support level at $76,000.