Wintermute released its market report today, stating that as the holidays approach, the market structure continues to narrow, and Bitcoin's market share has risen again. From Wintermute's observation of internal fund flow data, the following findings can be made: Buying power is once again stronger than selling power in major cryptocurrencies; BTC's buying advantage is longer-lasting and more stable, and ETH also shows greater signs of increased buying at the end of the year; institutional funds have been a consistent source of buying since the summer; retail investors are starting to rotate back from altcoins to major cryptocurrencies; this retail rotation aligns with market consensus: BTC needs to lead the rally first, followed by altcoin rotation.