Wintermute: From a 12-18 month perspective, Bitcoin's current price level is quite attractive.

PANews reported on March 11th that, according to a market update report released yesterday by Wintermute, the Middle East conflict entered its second week with no signs of easing. Brent crude oil rose 26% for the week, and the market currently expects only one interest rate cut in 2026. Against this backdrop, crypto assets performed exceptionally well, with Bitcoin rising 0.4% for the week, while stocks, bonds, and gold all declined. The report points out that from a 12-18 month perspective, Bitcoin's current price level is quite attractive, although the range of buyer willingness to enter the market extends from current levels to a low of $50,000. The crypto market has shown relative resilience, with leverage levels around half of their peak, marginal sellers decreasing, and most of the deleveraging process largely completed. The report believes that if the correlation continues to break down, the gap between price and the persistent industry adoption news may begin to close.