Bitcoin
Wintermute Reports Crypto Liquidity Enters Self-Funded Phase as Capital Inflows Slow
Crypto market-maker Wintermute released a report on November 6, 2025, claiming the digital asset market operates in a self-funded phase. According to Cointelegraph, inflows from three primary funding sources have reached a plateau. The company stated that liquidity remains the defining force behind every crypto cycle despite continued blockchain adoption.