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Wintermute: Institutions Drove 72% of Spot OTC Flow in First Half of 2026

Wintermute: Institutions Drove 72% of Spot OTC Flow in First Half of 2026

and

tags. We'll keep those. Now, we'll produce JSON. Title: "Wintermute: Institusi Dorong 72% Aliran OTC Spot pada Paruh Pertama 2026" or maybe "Wintermute: Institusi Mendorong 72% Aliran OTC Spot di Semester Pertama 2026". Let's pick "Paruh Pertama" for first half. Content: We'll translate each paragraph and keep the h2 tags. The original has two h2: "72% from institutions" and "Fewer tokens get the money" and "The selective altseason" - actually there are three h2? Let's check: After first paragraph there is

72% from institutions

, then second paragraph, then

Fewer tokens get the money

then third paragraph, then

The selective altseason

then fourth and fifth paragraphs? Actually the original: after second paragraph, there is

Fewer tokens get the money

then third paragraph, then

The selective altseason

then fourth and fifth paragraphs. So we need to translate those headings. Translate headings: - "72% from institutions" -> "72% dari institusi" or "72% berasal dari institusi" - "Fewer tokens get the money" -> "Lebih sedikit token yang mendapatkan uang" or "Semakin sedikit token yang menerima dana" - "The selective altseason" -> "Altseason yang selektif" We'll use natural phrasing. Now, we'll construct the content string with proper HTML. Let's write the full translation:

Investor institusional menyumbang 72% dari aliran over-the-counter spot Wintermute pada paruh pertama 2026, seperti yang diungkapkan pembuat pasar ini pekan ini. Angka ini menegaskan pergeseran yang lebih luas: modal di pasar kripto terkonsentrasi pada kumpulan token yang semakin menyusut, dan reli alt