Key highlights:
- Institutional investors have set an all-time high for half-year spot OTC flows, according to a Wintermute report
- Amid the impressive figures, Wintermute’s analysts point to less volatile markets as cryptocurrencies become a mature asset class
- Institutional investors are concentrating capital on a small pool of crypto tokens that will decide the winners of the next altcoin rally
A new report by Wintermute has confirmed institutional investors’ dominance in spot over-the-counter (OTC) desks in the first half of the year. Furthermore, Wintermute suggests the next altcoin rally will produce only a handful of winners as institutions concentrate liquidity in “a narrow set of tokens.”
Institutional flow is changing the crypto market
According to the Wintermute with staking rewards in a nod to rising institutional interest in both assets. Meanwhile, several Ethereum research institutions have set up shop to prepare the network for an avalanche of institutional users.
Source:: Institutions Corner 72% of Spot OTC Flow as Wintermute Predicts Narrow Altcoin Season