April brings capital rotation: institutions are buying Bitcoin, retail investors are turning away from altcoins

degenonymous · 2026-01-12T09:42:34+00:00

Wintermute's analysis reveals a strong buyer dominance in Bitcoin and Ethereum as the end of the year approaches, with institutional investors maintaining consistent purchases. Retail investors are shifting capital back to major coins, indicating a market consensus. Bitcoin is expected to lead the growth, followed by a potential altcoin rally, as market dynamics tighten around key assets.

degenonymous

2026-01-12 09:42:34

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Wintermute has released a fresh market dynamics analysis revealing an interesting picture of the current state of the cryptocurrency market. Amid the holiday season, key changes are observed in capital distribution and the behavior of different participant categories.

Buyers’ pressure dominates on major coins

Internal capital flow observations show a noticeable demand surplus over supply for Bitcoin and Ethereum. This trend is especially significant in the context of the New Year holidays. Bitcoin demonstrates the most sustained and longest buyer dominance period, indicating a solid demand foundation. Ethereum, in turn, shows notable signs of increased buying activity toward the year’s end.

Institutions remain consistent buyers

Since the summer period, institutional capital flows have maintained a steady buying level. This fact confirms the long-term commitment of major players to core crypto assets. Such resilience contrasts with the more volatile behavior of retail market participants.

Retail capital rotation: a shift to main coins

One of Wintermute’s most significant conclusions concerns retail investors’ reorientation. After a prolonged period of focusing on alternative coins, these players are systematically increasing their portfolios in favor of Bitcoin and Ethereum. This capital rotation reflects a widely held market consensus.

Market development scenario: BTC at the forefront, then the altcoin phase

The emerging market strategy is characterized by a clear sequence: Bitcoin is expected to act as the growth locomotive leading the appreciation. Following this, a new wave of capital rotation into altcoins is anticipated. Such a development has a logical structure and is based on observations of actual fund flows identified by Wintermute analysts.

Overall, the current period is characterized by a narrowing market structure and increased dominance of main coins, laying the foundation for further market movements.

BTC-2,26%

ETH-2,52%

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