"Wintermute Market Report Review 2025 Liquidity Changes and Outlook for 2026" (Compiled by Azuma, Odaily) In 2025, the overall performance of altcoins was significantly poor, with the annual comprehensive return dropping sharply. Aside from a brief rebound, there was no meaningful sustained recovery. The average duration of altcoin narrative-driven rallies was about 19 days, significantly shorter than the 61 days in the previous year. Retail investors favored stock market themes such as AI, robotics, and quantum technology, while BTC, ETH, and most altcoins underperformed among major risk assets. Cryptocurrency is no longer the default outlet for excess risk-taking; in 2025, the market failed to achieve the expected upward trend, but this may indicate that cryptocurrencies are beginning to transition from speculative assets to mature asset classes. Read more:

BTC-1,04%
ETH-3,3%
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