Wintermute Warns of $59K Bitcoin Price Drop Amid Liquidity Crunch

Bitcoin's price could drop to $59,000 according to Wintermute's trading desk.

The prediction comes as the crypto market faces a liquidity crunch, with Bitcoin and Ether sliding toward the lower end of their recent trading ranges.

On-chain data suggests that long-term holders have slowed their selling, contributing to easing pressure on prices. However, macro events such as inflation data and geopolitical updates could influence the price movement in the next 48 hours.