Wintermute: Retail investors rotate into mainstream coins, buying power exceeds selling

2025-12-262025-12-23 by admin

BlockBeats News, December 23, Wintermute released today’s market report stating that as the holiday season approaches, market structure continues to narrow, with Bitcoin’s market dominance rising again. Based on internal fund flow data observed by Wintermute, the following findings can be drawn:

Buying pressure for major cryptocurrencies once again surpasses selling pressure;

BTC’s buying advantage is more prolonged and stable, while ETH also shows increased buying signs towards year-end;

Since summer, institutional fund flows have been a consistent source of buying;

Retail investors are beginning to rotate from altcoins back to major cryptocurrencies;

Retail rotation aligns with market consensus: BTC needs to lead the rally first, followed by waiting for altcoin rotation.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .