Wintermute: Crypto market liquidity is showing the characteristics of "circular multiplexing"

GateUser-6433627c · 2025-12-10T07:30:01+00:00

Wintermute released a report stating that the crypto market is experiencing deep consolidation, with liquidity recycling becoming a core driver. Funds have withdrawn from high-risk assets and concentrated in Bitcoin and Ethereum, and investors have paid more attention to asset quality and liquidity, reflecting the strategy of taking risks at the right time.

GateUser-6433627c

2025-12-10 07:30:01

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【Wintermute: Crypto market liquidity is showing the characteristics of “recycling”】 Digital asset market maker Wintermute released a new report pointing out that the current cryptocurrency market is in a period of deep consolidation, and its core driving factor is liquidity recycling. Market funds are significantly withdrawing from high-risk assets and continuing to concentrate on the two leading targets in the crypto space - Bitcoin and Ethereum. This round of strategic capital rotation, which began at the end of 2025, shows that in the context of heightened macroeconomic uncertainty, both institutional investors and senior retail investors have shifted to a strategy of “taking risks”, with asset quality and liquidity as the primary considerations.

BTC4.25%

ETH2.96%

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