Wintermute says crypto liquidity concentrated in BTC, ETH, and a handful of majors as ETF and treasury channels shaped where capital landed.Wintermute says crypto liquidity concentrated in BTC, ETH, and a handful of majors as ETF and treasury channels shaped where capital landed.
Wintermute OTC data shows crypto liquidity clustered in BTC and ETH as broader altcoin rallies faded in 2025
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