According to Wintermute analysts, the altcoin market remains stagnant due to concentrated investment in ETFs and digital asset treasuries, limiting liquidity and altcoin rallies. Three potential drivers of altcoin resurgence include broader ETF mandates including altcoins, a significant new Bitcoin rally, and renewed retail investor interest in cryptocurrencies. The future of altcoins hinges on whether liquidity expands beyond large-cap assets or if the current market concentration continues.

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