Wintermute sees crypto selling pressure nearing exhaustion as institutional OTC spot share hits record 72%

Wintermute said major cryptocurrencies have retraced less than 4% despite multiple pressures, suggesting marginal selling is nearing exhaustion, but it still advises against heavy positioning for a rebound. The firm noted the Fed kept rates unchanged and that institutional OTC spot trading rose to a record 72%, with liquidity concentrating in mainstream assets.