Wintermute released its OTC (Over-the-Counter) flow report for the first half of 2026 on the 30th. The proportion of institutional investors in spot OTC trading reached 72%, setting a new record high. This ratio marks a significant increase from 59% in the first half of 2025 and 61% in the second half. While individual investor trading has stagnated, the presence of institutional investors has expanded to a level that now defines the market structure itself...
