According to Wu Block 123, in its November 2nd market report, crypto market maker Wintermute noted that after Binance suffered a $6.3 billion hack, Bitcoin fell below the key $80,000 level, with approximately $1.5 billion in liquidations, about 85% of which were long positions. Wintermute believes that the bargain-hunting funds following this decline mainly came from leveraged perpetual contracts, lacking support from spot buying and new funds, and the market remains weak in the short term. The next key support level for Bitcoin is the 50-week moving average at approximately $76,800. If it can regain a foothold above $80,000 and receive support from spot and ETF inflows, Wintermute will change its short-term cautious stance; if it falls below the 50-week moving average, it may further turn pessimistic. https://(wublock123.com)/news/wintermute-bitcoin-dip-buying-from-leveraged-trades-support-76800-71200