Key highlights:
- Bitcoin retraces back to $64k after a brief pump.
- Wintermute warned that Bitcoin’s recent rebound does not confirm a market bottom.
- The firm also highlighted BTC could still trade in the $50,000 range.
Crypto market maker Wintermute warns that it might still be too early to call a market bottom despite Bitcoin’s bounce from $59,000. This comes despite many crypto industry analysts believing that the worst of the current crypto bear run may finally be over.
Wintermute says Bitcoin price could still fall further
In its latest weekly market update, Wintermute
Meanwhile, popular crypto investor Jason Williams added that BTC has always traded below its realized price prior to hitting a cycle bottom point. With the Bitcoin realized price at approximately $53,600, he thinks the coin could drop further to $44,488.
A long post on why the bottom for Bitcoin is not in
Bitcoin’s Realised Price is the average cost basis for all holders
Currently it is $53.6k
Bitcoin has NEVER bottomed in a cycle without trading below the Realised Price
2011 → BTC bottomed at $2.1, about 58% below the… pic.twitter.com/Av3QAGtLtF
— Jason Ai. Williams (@GoingParabolic) June 9, 2026
This Wintermute update came after Geoffrey Kendrick, head of digital asset research at Standard Chartered, recently stated that “crypto spring” was here. According to him, institutional adoption and favorable regulation may spark the next wave of development in the digital asset space.
Kendrick shared that he feels confident that the crypto market bottomed out, with Bitcoin’s lowest point being estimated at $59,000.
However, Wintermute believes that the Fed’s latest projections and policy guidance can be instrumental in determining whether the coin remains stable at current levels or declines further in the coming months.
Source:: Wintermute Says It's Too Early to Call Bitcoin Bottom, Sees $50K BTC Possibility