Wu Blockchain reports that Wintermute stated U.S. stocks have risen for the sixth consecutive week, with the Nasdaq and S&P 500 hitting new highs. BTC also broke above $80,000 for the first time since January, reaching approximately $83,000 and surpassing the 200-day moving average that had suppressed prices for the past seven months. However, Wintermute believes this BTC rally looks more like a short squeeze in the short term rather than a healthy breakout. This is because open interest has risen from $48 billion to $58 billion within a month, while spot trading volume is at a two-year low. Typically, a confirmed bull market requires spot buying to drive the price, but the current rally seems more driven by contract shorts being forced to cover. Wintermute also mentioned that this week's CPI data and the Federal Reserve chair transition could be key macro variables. https://(wublock123.com)/news/news-60941