Wintermute says 72% of spot OTC flow was institutional
Crypto’s next altseason may produce fewer winners as institutional investors direct more capital toward a limited group of tokens, according to Wintermute’s July 30 over-the-counter flow report. Summary 72% of Wintermute’s spot OTC flow came from institutions during the first half of 2026. Institutional token coverage rose 24%, while retail clients expanded their traded universe
