In its market update on October 26, Wintermute noted that BTC fell 2.43% last week to approximately $80,500, marking its third consecutive week of decline and retesting the $80,000 mark. US spot ETFs saw net outflows of $636 million on Thursday, the largest single-day outflow since June. Wintermute believes that BTC's current price action is correlated with AI-related stocks, and the market's reaction to Wednesday's FOMC meeting and subsequent inflation data is crucial. A hawkish tone from the FOMC or higher-than-expected inflation could trigger a sell-off, including in BTC. The firm remains cautious until the FOMC meeting concludes and BTC regains its position above $82,500, with support at $76,000. [https://wublock123.com/news/wintermute-btc-three-week-drop-tests-80000-fomc-key-variable-70746]