Wintermute highlights rising Bitcoin dominance, subdued altcoins and $416M on-chain holdings in December 2025

On December 24, 2025, crypto market maker Wintermute reported that Bitcoin's dominance has strengthened as price volatility persisted and many altcoins lagged. The firm linked altcoin weakness to supply overhangs and heavy token unlocks, while noting that its own tracked on-chain holdings, including BTC, ETH, SOL and USDC, now total about $416 million after earlier reductions.