The next altcoin season may reward a much smaller group of tokens than the last one, as institutional investors concentrate their activity in a narrower set of assets, according to market mak
The next altcoin season may reward a much smaller group of tokens than the last one, as institutional investors concentrate their activity in a narrower set of assets, according to market maker Wintermute.
The finding comes from Wintermute’s own order flow, which is both what makes it unusual and what limits it. Very little public data exists on how institutions actually trade altcoins away from exchanges, and this is one desk’s view of its own clients.
