Wintermute Warning: Four-year cycle ends, ETF barriers trap altcoins from risingWintermute data shows that the four-year cycle is outdated, and the market is now driven by liquidity flows. The expected rise in 2025 did not materialize, marking a shift of cryptocurrencies towards mature assets. ETFs form a wall garden, with funds stuck in Bitcoin and Ethereum, not rotating. Altcoins' rally lasted only 20 days, less than the 60 days in 2024. In 2026, there are three paths: ETF expansion, market-driven growth, and retail investor return.
MarketWhisper·20h ago