Wintermute: BTC Returns to $70,000, ETH Sets Record Weekly ETF Inflows

Deep Tide TechFlow News, March 24 — According to the market weekly report released by Wintermute, Trump announced a five-day pause on strikes against Iran’s energy infrastructure. Geopolitical risk premiums have eased, and BTC rebounded from a low of $68,000 to over $70,000. Brent crude oil prices dropped significantly. The Federal Reserve maintained interest rates 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, and the market has completely ruled out rate cuts before fall.

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

Wintermute noted 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. Conversely, if negotiations break down and shipping restrictions persist, BTC may retest the mid-support level around $60,000.