Wintermute: retail clients sell bitcoin and rotate into altcoins
- —Retail clients on Wintermute's OTC desk shifted funds from BTC into altcoins
- —Market breadth returned to levels where sideways or declining action previously dominated for weeks
- —Wintermute expects a bitcoin rally to trigger rotation of capital into altcoins
- —Key external risks cited: oil prices, rates and a possible Fed hike
Why it matters: Rotation out of BTC into altcoins may signal early broadening of the market, but it remains fragile without bitcoin upside and supportive macro conditions.
Source: TokenPost