Wintermute Calls End of Four-Year Crypto Cycle, Flags 2026 Triggers
Wintermute says the four-year crypto cycle is over, with institutional capital flows now shaping market performance.
The familiar four-year boom-and-bust pattern in cryptocurrency may have ended, according to trading firm Wintermute.
In a recent analysis, the firm argued that market performance is now dictated by institutional capital flows rather than historical narratives tied to Bitcoin’s halving events.
This shift means a broad market recovery in 2026 is not guaranteed and hinges on specific catalysts that can redirect concentrated liquidity.
A New Market Structure Takes Hold
Wintermute’s assessment stated that the “four-year cycle is dead.” The firm bases…
