Wintermute released a report stating that during the bull market in the first half of 2025, there will be a significant divergence in investment strategies between institutions and individual investors. Institutions mainly increase their holdings of Bitcoin and Ethereum, while retail investors turn to Memecoin and other high-risk altcoins. Data shows that institutions allocate 67% of mainstream coins, while the proportion of retail investors drops to 37%, widening the gap to a historical high of 30 percentage points. Wintermute CEO Evgeny Gaevoy stated that this differentiation reflects a more mature and specialized market. The report also pointed out that institutions will significantly adopt derivative instruments in the first half of 2025, with over-the-counter option trading volume increasing by 412% year-on-year. （TheBlock） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45569