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Wintermute: The inflow momentum of stablecoins, ETFs, and DAT has weakened.

[Wintermute: The inflow momentum of stablecoins, ETFs, and DAT has weakened] Recently, Wintermute published an article stating that liquidity determines every cycle of Crypto Assets, and popularity may drive long-term development, but the real impact on prices comes from capital flow. Over the past few months, the momentum of capital inflow has slowed down. Whether it is stablecoins, ETFs, or digital asset treasury (DAT), all channels of inflow into the Crypto Assets ecosystem have seen a decline in momentum, placing Crypto Assets currently in a self-funding stage rather than an expansion stage.

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