Wintermute: Bitcoin market share rebounds, funds flow back to mainstream cryptocurrencies

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TL;DR

Wintermute's report indicates Bitcoin's market share is rising as holidays near, with institutional and retail funds flowing back to major cryptocurrencies like BTC and ETH, supporting a market consensus that BTC leads rallies before altcoins.

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ChainCatcher reports that Wintermute released a market report stating that as the holidays approach, the market structure continues to narrow, and Bitcoin's market share has risen again. From Wintermute's observation of internal fund flow data, the following findings can be made: Buying power is once again stronger than selling power in major cryptocurrencies; BTC's buying advantage is longer-lasting and more stable, and ETH also shows greater signs of increased buying at the end of the year; institutional funds have been a consistent source of buying since the summer; retail investors are starting to rotate back from Altcoin to major cryptocurrencies; this retail rotation aligns with market consensus: BTC needs to lead the rally first, followed by Altcoin rotation.

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