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Wintermute: Liquidity drives the cryptocurrency cycle, but now capital inflows have halted.

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PANews reported on November 6 that Wintermute posted on X (formerly Twitter) stating: “Liquidity drives the cryptocurrency cycle, but now capital inflows have stopped. Since the beginning of 2024, the total value of stablecoins, ETFs, and digital asset treasuries has increased from $180 billion to $560 billion, but the growth momentum has slowed. Funds are rotating internally rather than entering new markets, which causes the rally to fade quickly and market breadth to continue narrowing. When any of these three funding channels accelerates again, liquidity will flow back into the digital asset space. Until then, cryptocurrencies will remain in a self-funding phase.”

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