Wintermute: Retail Investors Rotate into Major Cryptocurrencies, Buying Power Stronger than Selling Power
BlockBeats News, December 23, Wintermute released today's market report stating that as the holidays approach, the market structure continues to narrow, and bitcoin's market dominance is rising again. Based on internal capital flow data observed by Wintermute, the following findings can be drawn:
Major cryptocurrencies are once again showing stronger buying power compared to selling power;
BTC's buying advantage is lasting longer and is more stable, while ETH is also showing increased buying activity towards the end of the year;
Since the summer, institutional capital flows have been a continuous source of buying;
Retail investors are beginning to rotate from altcoins back to major cryptocurrencies;
This retail rotation aligns with market consensus: BTC needs to lead the rally first, followed by a rotation into altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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