Wintermute: BTC Returns to $70K, ETH Sets Record Weekly ETF Inflows

ZkProver · 2026-03-24T11:12:02+00:00

Wintermute's weekly market report indicates that following Trump's pause on strikes against Iran, geopolitical risks have decreased, with BTC rebounding above $70,000. The Federal Reserve maintained interest rates unchanged, with markets lowering expectations for rate cuts. BTC declined approximately 3.4% this week, with ETF outflows reaching the largest in two months, while ETH achieved historic net inflows. If transportation normalizes, BTC is expected to challenge the $74,000 to $80,000 range, otherwise it will test the $60,000 support level.

ZkProver

2026-03-24 11:12:02

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ChainCatcher reports that according to Wintermute’s market weekly report, Trump announced a five-day pause on strikes against Iran’s energy infrastructure. Geopolitical risk premiums have eased, with BTC rebounding from lows of $68,000 to above $70,000, and Brent crude oil prices falling sharply. The Federal Reserve kept interest rates steady at 3.50%-3.75% during this meeting. The dot plot shows that 14 out of 19 officials expect zero or only one rate cut by 2026, fully excluding rate cuts before fall.

This week, BTC declined about 3.4% overall. On the day of the FOMC meeting, ETF outflows reached $708 million, the largest single-day outflow in nearly two months. Gold experienced its worst weekly performance since 1983, dropping over 10%. ETH performed relatively well, with a weekly net inflow of $160.8 million, setting a new record.

Wintermute notes that if shipping through the Strait of Hormuz normalizes and diplomatic negotiations continue, BTC could challenge resistance zones between $74,000 and $76,000, with an extreme optimistic scenario pushing toward $80,000. If negotiations break down and shipping restrictions persist, BTC may retest the mid-$60,000 support level.

BTC0,24%

ETH0,85%

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