Altcoin bulls retreat as risk-off trade sends capital back to BTC, ETH
Altcoins face 55% futures OI drop, shrinking rally windows and stagnant liquidity as Wintermute and Pantera say risk capital is rotating back to Bitcoin and Ethereum majors. Summary Wintermute reports low-cap altcoins now only trend up for ~20 days on average in 2025, versus 40–60 days in prior cycles, as speculative flows thin out. Open interest…

