Retail participation will return during the next crypto bull market yet institutional influence has become a structural feature of digital asset markets, according to a Wintermute Research report.
Institutional Investment At Record 72% Levels
In a report published on July 30, Wintermute analysts highlighted that Institutional investors are increasingly dictating crypto market structure.
They account for a record 72% of spot over the counter (OTC) trading flow during the first half of 2026, compared to 61% in the second half of 2025.
The reported noted that institutional activity is becoming concentrated in a relatively small group of cryptocurrencies.
