Wintermute: ETH has shown signs of increased buying at the end of the year.

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According to Odaily Odaily, Wintermute released its market report today, stating that as the holidays approach, the market structure continues to narrow, and Bitcoin's market share has risen again. Based on internal fund flow data observed by Wintermute, the following findings can be made:

Buying power outweighed selling power in major currencies again.

BTC’s buying advantage lasted longer and was more stable, while ETH also showed 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;

Retail investor rotation aligns with market consensus: BTC needs to lead the rally first, followed by Altcoin rotation.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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