X @Wu Blockchain

Wintermute’s report notes that while global liquidity is expanding and major central banks are cutting rates, most new capital is flowing into equities and AI rather than crypto. Only stablecoin supply continues to grow. Wintermute said the four-year cycle theory is outdated, with liquidity now the main driver of prices. Market structure remains healthy, leverage has been cleared, and volatility is contained, but a crypto rebound still depends on renewed ETF and DAT inflows. https://t.co/zjJ1Cw6hmq ...