Swan CEO Josh Levin stated that Bitcoin could bottom in October and that altcoins are essentially dead. A July report from crypto market maker Wintermute supports this view, arguing that the growing presence of institutional investors has changed altcoin market dynamics. According to this report, altcoin rallies have become narrower and more selective. Liquidity is now concentrating in assets favored by institutions, while activity across the market’s long tail has weakened.
Source: Read the original article
