Crypto Enters a “Self-Funded Phase” As Liquidity Cools: Is A Recovery Next?
November 6, 2025 · 1:13 PM

The article discusses the current state of the crypto markets, indicating a cooling period characterized by reduced liquidity. Analysts from Wintermute highlight a slowdown in new capital inflows through key channels such as stablecoins, ETFs, and digital asset treasuries. This shift suggests that the market may be entering a "self-funded phase," raising questions about the potential for recovery in the near future.
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