Bitcoin And Ethereum Are Absorbing The Market — What That Means For Crypto In 2026
Cryptocurrency market is heading into 2026 with a markedly different structure, as capital concentrates further into Bitcoin (BTC) and Ethereum (ETH) while the broader altcoin market continues to lag under supply pressure and weaker risk appetite, according to a new market update from Wintermute.
What Happened
The trading firm said recent price action points less to cyclical volatility and more to a structural shift in how liquidity moves through the market.
While downside pressure intensified earlier this month, pushing Bitcoin briefly below $85,000 and Ether under $3,000, subsequent liquidations were contained, and prices stabilized as leverage was flushed from the system.
Bitcoin later ground back toward $90,000, even as trading…
