Wintermute: Altcoin Rallies Narrow to Institutional Picks
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Wintermute, a crypto market maker, published a July report arguing that the growing presence of institutional investors has fundamentally changed altcoin market dynamics, resulting in altcoin rallies becoming narrower and more selective.
- Wintermute said liquidity is concentrating in the assets institutions favor, while activity across the market's 'long tail' of smaller altcoins has weakened.
Why it matters: Wintermute's report describes a structural shift already underway in altcoin markets: liquidity is concentrating in the narrow set of tokens institutions favor, while smaller-cap altcoins see weakening activity, meaning capital-raising, trading depth, and investor attention for non-favored tokens face a thinner marketplace than during previous retail-driven cycles.
Ask SkimNews
