Core Insights - Wintermute reports that from the end of 2024, the correlation between retail funds in cryptocurrency and U.S. stocks will shift from positive to negative, with record inflows into U.S. stocks while the cryptocurrency market remains cautious [1] - The market capitalization of altcoins is weakening alongside retail activity, indicating a decline in interest [1] - Data shows that the volatility of BTC/NDX is continuously decreasing, potentially falling below 2 times in the first half of 2025, which suggests easier capital switching between these asset classes due to tools like ETFs and cross-platform trading [1] - The report posits that retail activity in U.S. stocks has become an important leading indicator for the cryptocurrency market, necessitating a multi-asset allocation perspective for investments [1]
Wintermute：加密与美股零售资金相关性转负，美股活跃度成加密前瞻指标
Xin Lang Cai Jing·2026-02-27 00:27