Market momentum's hitting a wall, and WINTERMUTE just dropped an interesting take on why. According to their analysis, we're not seeing fresh capital flood into crypto anymore. What's actually happening? Existing liquidity is just playing musical chairs - rotating between different assets internally rather than new money pushing prices higher. This shift could explain why recent rallies feel different from previous cycles. The question now: how long can internal rotation sustain upward pressure before we need that external capital injection?

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