「BTC OG Insider Whale」 Proxy Long-read Review of Wintermute Outlook Report: Institutional Onslaught in Crypto to Usher in a More Stable Bull Market

On January 21, Garrett Jin—an agent with "BTC OG Whale Insider"—shared a lengthy post on social media. He noted that a Wintermute report pointed out the end of crypto’s "traditional bull market cycle," but some media outlets misinterpreted this as "the end of this crypto bull market"—a very unprofessional take. Jin added that historical data from China’s A-shares and U.S. stocks clearly confirms this dynamic: Retail-dominated markets exhibit extreme volatility and pumping behavior. As institutions ramp up large-scale entry, markets become more structured, stable, and trend-driven. For mainstream crypto assets, the era of "retail-driven, high volatility, meme dominance" has ended. We’re witnessing a shift in market leadership: - From speculation to asset allocation - From retail sentiment to institutional positioning - From extreme volatility to institutional-grade volatility Equating this transition to the end of the bull market is not analysis—it’s a misunderstanding of how markets mature.