In its weekly market report on November 9th, crypto market maker Wintermute stated that as market risk appetite declined following the US midterm elections, Bitcoin has regained a strong correlation with macroeconomic risk assets such as US stocks. Last week, Bitcoin spot ETFs saw a net outflow of $1.28 billion, the largest weekly outflow since June, wiping out all net inflows this year. Bitcoin briefly fell to $73,500 on Sunday, near its 200-day moving average of approximately $73,000, while closing the week below its 50-week moving average of approximately $75,500. Wintermute believes that if Bitcoin closes below $73,000 on the daily chart, the next downside target could be $68,000; if it stabilizes above $80,000 and spot ETFs resume weekly net inflows, the outlook may turn bullish. The firm also noted that privacy coins, perpetual contract DEXs, and prediction markets are among the few crypto sectors that are still showing relative resilience. https://(wublock123.com)/news/wintermute-bitcoin-breaks-73k-support-next-target-68k-71606