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Crypto market maker Wintermute published a detailed market update on Tuesday via X (previously Twitter), offering a comprehensive breakdown of Bitcoin’s (BTC) recent collapse, who was behind the selling pressure, and what conditions must change for a meaningful recovery to take hold.
Wintermute Details Brutal Bitcoin Crash
The firm described the past week as exceptionally severe for Bitcoin. Prices fell below $80,000 for the first time since April 2025 and continued sliding to around $60,000 before…