Wintermute: The market is experiencing significant short-term volatility, with funds concentrated in BTC and ETH.

Wintermute released a research report on December 23rd, stating that although the crypto market faced downward pressure at the beginning of last week, market sentiment gradually stabilized, the market structure gradually narrowed, and Bitcoin's market dominance further strengthened. However, Altcoin remained weak, significantly affected by supply pressure and unlocking plans. Overall, the market experienced significant short-term volatility, but funds began to concentrate on BTC and ETH. The report anticipates the market will remain range-bound by the end of the year, lacking significant macroeconomic or policy catalysts, and will be more influenced by position adjustments.