Wintermute states that the four-year crypto cycle has ended. According to 2025 OTC data, institutional funds are concentrated in $Btc/$ETH. The rebound of altcoins lasted only 20 days (compared to 60 days in 2024). The three major triggers for recovery in 2026 are: expanded ETF coverage (Solana/XRP), BTC/ETH price spillover, and retail investor return. Ethereum added 393,600 wallets on January 11.

BTC-1,27%
ETH-4,65%
SOL-2,37%
XRP-1,28%
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