Institutional Influence Alters Cryptocurrency Market Dynamics

Garrett Jin, representative of '1011 Insider Whale,' shared insights on X platform regarding Wintermute's perspective on the cryptocurrency market. According to Odaily, Wintermute's view has been interpreted as signaling the end of traditional bull market cycles in cryptocurrency. However, Jin argues that institutions have not ended the bull market but have transformed it. As institutional asset management scales up, asset prices tend to rise while volatility decreases. Bitcoin (BTC) and Ethereum (ETH) are transitioning from speculative mechanisms to allocation mechanisms. Wintermute's actual stance is that with deeper institutional involvement, leading cryptocurrencies like BTC and ETH are evolving from speculative tools to configurable assets. The current market changes do not signify the end of a bull market but rather a shift from a 'retail-driven, high-volatility, meme-dominated' phase to a 'allocation-driven, institutionally positioned, institutional-grade volatility' mechanism.