Crypto Lags Behind as Liquidity Shifts to Stocks and AI: Wintermute Report

TLDR: Wintermute says global liquidity is expanding, but most new money is moving into equities and AI, not crypto. ETF and DAT inflows have stalled, leaving stablecoins as the only growing segment in digital assets. Bitcoin and Ethereum remain range-bound as traders await renewed inflows following the Fed’s rate cut. Wintermute rejects the four-year cycle [...]

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