Wintermute: Retail Rotation into Major Coins, Buyer Pressure Stronger than Seller
BlockBeats News, December 23rd. Wintermute has released today's market report stating that as the holiday approaches, the market structure continues to narrow, and Bitcoin's market dominance has once again risen. Based on Wintermute's observation of internal fund flow data, the following findings can be drawn:
The major coins are seeing buyer strength exceeding seller strength once again;
Bitcoin's buyer dominance has lasted longer and been more stable, and Ethereum has also shown greater signs of increased buying at the end of the year;
Since the summer, institutional fund flows have been a consistent source of buying;
Retail investors are starting to rotate back from altcoins to major coins;
The retail investor rotation aligns with market consensus: BTC needs to lead the rally first, followed by waiting for the altcoin rotation.
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.
You may also like
The U.S. economy expanded at a 4.3% rate in the third quarter, marking the fastest growth in two years.
US GDP Growth Accelerates to 4.3%, Fastest Pace Since Q4 2023
The US Dollar Index edged up slightly to 97.96, while the euro fell against the dollar to 1.18.
US Q3 preliminary GDP exceeds expectations, core PCE in line with forecasts
Trending news
MoreCrypto prices
More
