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Jinse Finance reported that Bitwise Chief Investment Officer Matt Hougan pointed out that the $84,000 level (the low point of the March correction) is currently a key support level for BTC that some investors are watching. However, if the market completely gives back all the gains from October (when bitcoin hit a historical high of $126,000), the price could further fall back to the trading range of around $70,000 before Trump's election. Hougan stated that although bitcoin may test the mid-to-low $70,000 range, the market is 'closer to a bottom rather than the start of a decline.' He noted a divergence between short-term panic and long-term confidence: global liquidity tightening and DAT position liquidations are causing selling pressure, but long-term institutions such as the Harvard Endowment Fund and Abu Dhabi Sovereign Fund are "tentatively" building positions at current price levels.

According to ChainCatcher, Arkham data shows that at 05:39, 148.2 WBTC (worth approximately $5.0879 million) were transferred from an anonymous address (starting with 0xCa3a...) to another anonymous address (starting with 0x2639...). Subsequently, this address transferred part of the WBTC (38.2) to Wintermute.