{"id":27296,"date":"2026-01-15T11:37:02","date_gmt":"2026-01-15T02:37:02","guid":{"rendered":"https:\/\/icobench.com\/jp\/?p=27296"},"modified":"2026-01-15T11:37:02","modified_gmt":"2026-01-15T02:37:02","slug":"wintermute-report-crypto-cycle-altcoin-liquidity","status":"publish","type":"post","link":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/","title":{"rendered":"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790"},"content":{"rendered":"<p>\u6697\u53f7\u8cc7\u7523\uff08\u4eee\u60f3\u901a\u8ca8\uff09\u5e02\u5834\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ab\u30fc\u6700\u5927\u624b\u3067\u3042\u308bWintermute\u306f13\u65e5\u30012025\u5e74\u306e\u5e02\u5834\u5206\u6790\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u958b\u3057\u305f\u3002<\/p>\n<p>\u540c\u793e\u306f\u30ec\u30dd\u30fc\u30c8\u306e\u4e2d\u3067\u3001\u5e02\u5834\u53c2\u52a0\u8005\u304c\u5f85\u3061\u671b\u3093\u3067\u3044\u305f\u300c\u30a2\u30eb\u30c8\u30b7\u30fc\u30ba\u30f3\uff08\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3078\u306e\u5927\u898f\u6a21\u306a\u8cc7\u91d1\u5faa\u74b0\uff09\u300d\u306f\u5230\u6765\u3057\u306a\u304b\u3063\u305f\u3068\u7d50\u8ad6\u4ed8\u3051\u3066\u3044\u308b\u3002<\/p>\n<p>\u5206\u6790\u306b\u3088\u308b\u3068\u3001\u5e02\u5834\u306e\u6d41\u52d5\u6027\u306f\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\uff08BTC\uff09\u3084\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\uff08ETH\uff09\u3001\u304a\u3088\u3073\u4e00\u90e8\u306e\u5927\u578b\u9298\u67c4\u306b\u8457\u3057\u304f\u504f\u5728\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u5224\u660e\u3057\u305f\u3002<\/p>\n<p>\u304b\u3064\u3066\u306e\u76f8\u5834\u30b5\u30a4\u30af\u30eb\u3067\u898b\u3089\u308c\u305f\u300c\u4e3b\u8981\u901a\u8ca8\u304b\u3089\u59cb\u307e\u308a\u3001\u5e02\u5834\u5168\u4f53\u3078\u8cc7\u91d1\u304c\u6ce2\u53ca\u3059\u308b\u300d\u3068\u3044\u3046\u73fe\u8c61\u306f\u6d88\u5931\u3057\u3066\u304a\u308a\u3001\u6295\u8cc7\u5bb6\u306e\u9078\u5225\u8272\u304c\u5f37\u307e\u3063\u3066\u3044\u308b\u73fe\u72b6\u304c\u6d6e\u304d\u5f6b\u308a\u3068\u306a\u3063\u305f<\/p>\n<h2><span id=\"4\">\u5d29\u308c\u308b4\u5e74\u5468\u671f\u3068\u5e02\u5834\u69cb\u9020\u306e\u5909\u5316<\/span><\/h2>\n<p><a href=\"https:\/\/www.prnewswire.com\/news-releases\/wintermutes-otc-markets-2025-report-shows-cryptos-upper-tier-becoming-an-established-asset-class-as-liquidity-concentrates-302659976.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Wintermute\u306e\u30ec\u30dd\u30fc\u30c8<\/a>\u306f\u3001\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u306b\u304a\u3051\u308b\u5229\u76ca\u6a5f\u4f1a\u306e\u7e2e\u5c0f\u3092\u9bae\u660e\u306b\u63cf\u304d\u51fa\u3057\u305f\u3002<\/p>\n<p>\u540c\u793e\u306e\u30c7\u30fc\u30bf\u306b\u3088\u308c\u3070\u3001\u7279\u5b9a\u306e\u30c6\u30fc\u30de\u3084\u30ca\u30e9\u30c6\u30a3\u30d6\uff08\u7269\u8a9e\uff09\u304c\u4e3b\u5c0e\u3059\u308b<a href=\"https:\/\/icobench.com\/jp\/cryptocurrency\/best-altcoins\/\" rel=\"\">\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3<\/a>\u306e\u4e0a\u6607\u671f\u9593\u306f\u30012024\u5e74\u306e\u4e2d\u592e\u502461\u65e5\u304b\u3089\u30012025\u5e74\u306b\u306f\u308f\u305a\u304b\u7d0419\u65e5\u3078\u3068\u6fc0\u6e1b\u3002<\/p>\n<p>\u3053\u308c\u306f\u5e02\u5834\u306e\u6301\u7d9a\u529b\u304c\u4f4e\u4e0b\u3057\u3001\u5e83\u7bc4\u306a\u9298\u67c4\u3092\u652f\u3048\u308b\u3060\u3051\u306e\u5341\u5206\u306a\u6d41\u52d5\u6027\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u5b9f\u614b\u3092\u6d6e\u304d\u5f6b\u308a\u306b\u3057\u3066\u3044\u308b\u3002<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Liquidity came into crypto in 2025, but where did it go?<\/p>\n<p>Using Wintermute\u2019s proprietary OTC flow, our Digital asset OTC markets 2025 report shows where capital actually went and why market structure fundamentally changed<\/p>\n<p>Read on for our key findings \u2193 <a href=\"https:\/\/t.co\/Zw2pYRrozB\" target=\"_blank\" rel=\"noopener noreferrer\">pic.twitter.com\/Zw2pYRrozB<\/a><\/p>\n<p>\u2014 Wintermute (@wintermute_t) <a href=\"https:\/\/twitter.com\/wintermute_t\/status\/2011085261938270417?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer\">January 13, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u7279\u7b46\u3059\u3079\u304d\u306f\u3001\u696d\u754c\u3067\u9577\u5e74\u5b9a\u8aac\u3068\u3055\u308c\u3066\u304d\u305f\u30014\u5e74\u5468\u671f\u306e\u30b5\u30a4\u30af\u30eb\u7406\u8ad6\u306e\u5d29\u58ca\u3060\u3002<\/p>\n<p>\u30ec\u30dd\u30fc\u30c8\u306f\u3001\u73fe\u5728\u306e\u5e02\u5834\u52d5\u5411\u304c\u6642\u9593\u7684\u306a\u5468\u671f\u6027\u3067\u306f\u306a\u304f\u3001\u6d41\u52d5\u6027\u306e\u96c6\u4e2d\u5ea6\u5408\u3044\u306b\u3088\u3063\u3066\u6c7a\u5b9a\u3055\u308c\u3066\u3044\u308b\u3068\u5206\u6790\u3002<\/p>\n<p>\u8cc7\u91d1\u306e\u6d41\u308c\u306f\u3088\u308a\u9078\u5225\u7684\u306b\u306a\u308a\u3001\u6295\u8cc7\u5bb6\u306f\u9298\u67c4\u9078\u5b9a\u306b\u304a\u3044\u3066\u6975\u3081\u3066\u614e\u91cd\u306a\u5224\u65ad\u3092\u8feb\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n<p>\u540c\u793e\u306e\u30b8\u30a7\u30a4\u30af\u30fb\u30aa\u30b9\u30c8\u30ed\u30d5\u30b9\u30ad\u30b9OTC\uff08\u5e97\u982d\u53d6\u5f15\uff09\u90e8\u9580\u8cac\u4efb\u8005\u306f\u30012025\u5e74\u3092\u300c\u5e02\u5834\u306e\u5fae\u7d30\u69cb\u9020\u306b\u304a\u3051\u308b\u91cd\u8981\u306a\u8ee2\u63db\u70b9\u300d\u3068\u4f4d\u7f6e\u3065\u3051\u308b\u3002<\/p>\n<p>\u8cc7\u91d1\u6d41\u5165\u306f\u7d99\u7d9a\u3057\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u305d\u306e\u5bfe\u8c61\u306f\u5927\u578b\u30c8\u30fc\u30af\u30f3\u306b\u9650\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u4e00\u65b9\u3067\u30aa\u30d7\u30b7\u30e7\u30f3\u53d6\u5f15\u91cf\u306f2\u500d\u4ee5\u4e0a\u306b\u6025\u5897\u3002<\/p>\n<p>\u5e02\u5834\u53c2\u52a0\u8005\u304c\u3088\u308a\u4f53\u7cfb\u7684\u306a\u30ea\u30b9\u30af\u7ba1\u7406\u3084\u30d8\u30c3\u30b8\u53d6\u5f15\u3078\u3068\u30b7\u30d5\u30c8\u3057\u3066\u3044\u308b\u69d8\u5b50\u304c\u3046\u304b\u304c\u3048\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u8cc7\u91d1\u306f\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u4e0d\u900f\u660e\u611f\u3084\u524d\u5e74\u306e\u76f8\u5834\u75b2\u308c\u3092\u80cc\u666f\u306b\u3001\u4eee\u60f3\u901a\u8ca8\u304b\u3089\u4f1d\u7d71\u7684\u306a\u682a\u5f0f\u5e02\u5834\u3078\u3068\u56de\u5e30\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u5358\u7d14\u306a\u5b63\u7bc0\u6027\u30a2\u30ce\u30de\u30ea\u30fc\u306f\u3082\u306f\u3084\u6a5f\u80fd\u305b\u305a\u3001\u6226\u8853\u7684\u306a\u30c8\u30ec\u30fc\u30c9\u304c\u6c42\u3081\u3089\u308c\u308b\u74b0\u5883\u4e0b\u306b\u304a\u3044\u3066\u3001\u304b\u3064\u3066\u306e\u3088\u3046\u306a<a href=\"https:\/\/icobench.com\/jp\/cryptocurrency\/cryptocurrency-bubble\/\" rel=\"\">\u4eee\u60f3\u901a\u8ca8\u30d0\u30d6\u30eb<\/a>\u7684\u76f8\u5834\u306e\u518d\u6765\u306f\u4e0d\u900f\u660e\u306a\u60c5\u52e2\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<h2><span id=\"etf\">ETF\u306e\u5f71\u97ff\u3068\u4eca\u5f8c\u306e\u7126\u70b9<\/span><\/h2>\n<p>Wintermute\u306e\u30ec\u30dd\u30fc\u30c8\u306f\u3001\u6d41\u52d5\u6027\u304c\u4e00\u90e8\u306e\u5927\u578b\u9298\u67c4\u306b\u96c6\u4e2d\u3059\u308b\u69cb\u9020\u7684\u306a\u8981\u56e0\u3068\u3057\u3066\u3001\u73fe\u7269\u4eee\u60f3\u901a\u8ca8ETF\u306e\u666e\u53ca\u3068\u3001\u4f01\u696d\u306e\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u8ca1\u52d9\uff08DAT\uff09\u306e\u62e1\u5927\u3092\u6319\u3052\u3066\u3044\u308b\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u65b0\u305f\u306a\u7d4c\u8def\u3092\u901a\u3058\u3066\u5e02\u5834\u306b\u6d41\u5165\u3057\u305f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8cc7\u91d1\u306f\u3001<a href=\"https:\/\/icobench.com\/jp\/cryptocurrency\/bitcoin-price-prediction\/\" rel=\"\">\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3<\/a>\u3084\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u3068\u3044\u3063\u305f\u4e3b\u8981\u8cc7\u7523\u306b\u6ede\u7559\u3059\u308b\u50be\u5411\u304c\u6975\u3081\u3066\u5f37\u3044\u3002<\/p>\n<p>\u305d\u306e\u7d50\u679c\u3001\u5f93\u6765\u306e\u3088\u3046\u306a\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u5e02\u5834\u5168\u4f53\u3078\u306e\u8cc7\u91d1\u6ce2\u53ca\u52b9\u679c\u306f\u5e0c\u8584\u5316\u3057\u3001\u4e3b\u8981\u9298\u67c4\u306e\u5e02\u5834\u6df1\u5ea6\u306e\u307f\u304c\u5f37\u5316\u3055\u308c\u308b\u7d50\u679c\u3068\u306a\u3063\u305f\u3002<\/p>\n<p>\u3053\u306e\u50be\u5411\u306b\u62cd\u8eca\u3092\u304b\u3051\u305f\u306e\u304c\u30012025\u5e7410\u6708\u306b\u767a\u751f\u3057\u305f\u5927\u898f\u6a21\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u89e3\u6d88\u306e\u52d5\u304d\u3060\u3002<\/p>\n<p>\u5e02\u5834\u306e\u6025\u6fc0\u306a\u8abf\u6574\u5c40\u9762\u306b\u304a\u3044\u3066\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u8cc7\u7523\u4fdd\u5168\u306e\u305f\u3081\u306b\u8cea\u3078\u306e\u9003\u907f\u3092\u9078\u3073\u3001\u4e3b\u8981\u30c8\u30fc\u30af\u30f3\u3078\u306e\u56de\u5e30\u3092\u5f37\u3081\u305f\u3002<\/p>\n<p>\u5f53\u521d\u306f\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3092\u7269\u8272\u3057\u3066\u3044\u305f\u500b\u4eba\u30c8\u30ec\u30fc\u30c0\u30fc\u3082\u3001\u76f8\u5834\u6025\u843d\u3092\u53d7\u3051\u3066\u30ea\u30b9\u30af\u56de\u907f\u59ff\u52e2\u3092\u9bae\u660e\u306b\u3057\u3001\u8cc7\u91d1\u3092\u518d\u3073\u4e3b\u8981\u9298\u67c4\u3078\u3068\u623b\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>2026\u5e74\u306e\u7126\u70b9\u306f\u3001\u3053\u306e\u5f37\u56fa\u306a\u96c6\u4e2d\u50be\u5411\u304c\u5d29\u308c\u308b\u304b\u5426\u304b\u306b\u3042\u308b\u3002<\/p>\n<p>\u30ec\u30dd\u30fc\u30c8\u306f\u5e02\u5834\u5909\u5316\u306e\u6761\u4ef6\u3068\u3057\u3066\u3001ETF\u3084DAT\u306e\u6295\u8cc7\u5bfe\u8c61\u304c\u4e3b\u8981\u8cc7\u7523\u4ee5\u5916\u3078\u62e1\u5927\u3059\u308b\u3053\u3068\u3001\u3042\u308b\u3044\u306f\u4e3b\u8981\u9298\u67c4\u306e\u4fa1\u683c\u4e0a\u6607\u306b\u3088\u308b\u8cc7\u7523\u52b9\u679c\u304c\u6a5f\u80fd\u3059\u308b\u3053\u3068\u3092\u6319\u3052\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u682a\u5f0f\u5e02\u5834\u3078\u6d41\u308c\u305f\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u304c\u3001\u518d\u3073\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u3078\u3068\u9084\u6d41\u3057\u3066\u304f\u308b\u304b\u3082\u91cd\u8981\u306a\u8981\u7d20\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6697\u53f7\u8cc7\u7523\uff08\u4eee\u60f3\u901a\u8ca8\uff09\u5e02\u5834\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30e1&#8230;<\/p>\n","protected":false},"author":152,"featured_media":27298,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-27296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790<\/title>\n<meta name=\"description\" content=\"\u30a6\u30a3\u30f3\u30bf\u30fc\u30df\u30e5\u30fc\u30c8\u304c2025\u5e74\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u958b\u3002\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3078\u306e\u8cc7\u91d1\u5faa\u74b0\u306f\u898b\u3089\u308c\u305a\u6d41\u52d5\u6027\u306fBTC\u30fbETH\u306a\u3069\u306b\u96c6\u4e2d\u3057\u3066\u3044\u305f\u3002\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790\" \/>\n<meta property=\"og:description\" content=\"\u30a6\u30a3\u30f3\u30bf\u30fc\u30df\u30e5\u30fc\u30c8\u304c2025\u5e74\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u958b\u3002\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3078\u306e\u8cc7\u91d1\u5faa\u74b0\u306f\u898b\u3089\u308c\u305a\u6d41\u52d5\u6027\u306fBTC\u30fbETH\u306a\u3069\u306b\u96c6\u4e2d\u3057\u3066\u3044\u305f\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/\" \/>\n<meta property=\"og:site_name\" content=\"JP\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-15T02:37:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u677e\u7530 \u660e\u65e5\u9999\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u677e\u7530 \u660e\u65e5\u9999\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/\"},\"author\":{\"name\":\"\u677e\u7530 \u660e\u65e5\u9999\",\"@id\":\"https:\/\/icobench.com\/jp\/#\/schema\/person\/3e9c04e1fdb87b0833ba770863974dbc\"},\"headline\":\"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790\",\"datePublished\":\"2026-01-15T02:37:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/\"},\"wordCount\":18,\"publisher\":{\"@id\":\"https:\/\/icobench.com\/jp\/#organization\"},\"image\":{\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp\",\"articleSection\":[\"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30cb\u30e5\u30fc\u30b9\"],\"inLanguage\":\"ja\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\/\/icobench.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/\",\"url\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/\",\"name\":\"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790\",\"isPartOf\":{\"@id\":\"https:\/\/icobench.com\/jp\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp\",\"datePublished\":\"2026-01-15T02:37:02+00:00\",\"description\":\"\u30a6\u30a3\u30f3\u30bf\u30fc\u30df\u30e5\u30fc\u30c8\u304c2025\u5e74\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u958b\u3002\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3078\u306e\u8cc7\u91d1\u5faa\u74b0\u306f\u898b\u3089\u308c\u305a\u6d41\u52d5\u6027\u306fBTC\u30fbETH\u306a\u3069\u306b\u96c6\u4e2d\u3057\u3066\u3044\u305f\u3002\",\"breadcrumb\":{\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage\",\"url\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp\",\"contentUrl\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp\",\"width\":1200,\"height\":675,\"caption\":\"4\u5e74\u5468\u671f\u306e\u5d29\u58ca\u3068\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u30fb\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u72ec\u8d70\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/icobench.com\/jp\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/icobench.com\/jp\/#website\",\"url\":\"https:\/\/icobench.com\/jp\/\",\"name\":\"ICOBench Japan\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/icobench.com\/jp\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/icobench.com\/jp\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/icobench.com\/jp\/#organization\",\"name\":\"ICOBench Japan\",\"url\":\"https:\/\/icobench.com\/jp\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/icobench.com\/jp\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2024\/08\/icobench_1-2048x602-1.png\",\"contentUrl\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2024\/08\/icobench_1-2048x602-1.png\",\"width\":2048,\"height\":602,\"caption\":\"ICOBench Japan\"},\"image\":{\"@id\":\"https:\/\/icobench.com\/jp\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/icobench.com\/jp\/#\/schema\/person\/3e9c04e1fdb87b0833ba770863974dbc\",\"name\":\"\u677e\u7530 \u660e\u65e5\u9999\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/icobench.com\/jp\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2025\/01\/avatar_user_152_1737698593-96x96.jpg\",\"contentUrl\":\"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2025\/01\/avatar_user_152_1737698593-96x96.jpg\",\"caption\":\"\u677e\u7530 \u660e\u65e5\u9999\"},\"description\":\"\u6697\u53f7\u8cc7\u7523\u6295\u8cc7\u30922020\u5e74\u306b\u59cb\u3081\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3084NFT\u3001DeFi\u306a\u3069\u8907\u6570\u306e\u5206\u91ce\u3067\u6295\u8cc7\u7d4c\u9a13\u3092\u6709\u3059\u308b\u30022025\u5e741\u6708\u306bICOBench\u306b\u53c2\u52a0\u3057\u3001\u5c02\u9580\u7684\u306a\u6697\u53f7\u8cc7\u7523\u30e9\u30a4\u30c6\u30a3\u30f3\u30b0\u3092\u624b\u639b\u3051\u3066\u3044\u308b\u3002\",\"url\":\"https:\/\/icobench.com\/jp\/author\/asuka\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790","description":"\u30a6\u30a3\u30f3\u30bf\u30fc\u30df\u30e5\u30fc\u30c8\u304c2025\u5e74\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u958b\u3002\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3078\u306e\u8cc7\u91d1\u5faa\u74b0\u306f\u898b\u3089\u308c\u305a\u6d41\u52d5\u6027\u306fBTC\u30fbETH\u306a\u3069\u306b\u96c6\u4e2d\u3057\u3066\u3044\u305f\u3002","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/","og_locale":"ja_JP","og_type":"article","og_title":"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790","og_description":"\u30a6\u30a3\u30f3\u30bf\u30fc\u30df\u30e5\u30fc\u30c8\u304c2025\u5e74\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u958b\u3002\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3078\u306e\u8cc7\u91d1\u5faa\u74b0\u306f\u898b\u3089\u308c\u305a\u6d41\u52d5\u6027\u306fBTC\u30fbETH\u306a\u3069\u306b\u96c6\u4e2d\u3057\u3066\u3044\u305f\u3002","og_url":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/","og_site_name":"JP","article_published_time":"2026-01-15T02:37:02+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp","type":"image\/webp"}],"author":"\u677e\u7530 \u660e\u65e5\u9999","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u677e\u7530 \u660e\u65e5\u9999","Est. reading time":"5\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#article","isPartOf":{"@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/"},"author":{"name":"\u677e\u7530 \u660e\u65e5\u9999","@id":"https:\/\/icobench.com\/jp\/#\/schema\/person\/3e9c04e1fdb87b0833ba770863974dbc"},"headline":"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790","datePublished":"2026-01-15T02:37:02+00:00","mainEntityOfPage":{"@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/"},"wordCount":18,"publisher":{"@id":"https:\/\/icobench.com\/jp\/#organization"},"image":{"@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage"},"thumbnailUrl":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp","articleSection":["\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30cb\u30e5\u30fc\u30b9"],"inLanguage":"ja","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/icobench.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/","url":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/","name":"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790","isPartOf":{"@id":"https:\/\/icobench.com\/jp\/#website"},"primaryImageOfPage":{"@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage"},"image":{"@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage"},"thumbnailUrl":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp","datePublished":"2026-01-15T02:37:02+00:00","description":"\u30a6\u30a3\u30f3\u30bf\u30fc\u30df\u30e5\u30fc\u30c8\u304c2025\u5e74\u4eee\u60f3\u901a\u8ca8\u5e02\u5834\u30ec\u30dd\u30fc\u30c8\u3092\u516c\u958b\u3002\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u3078\u306e\u8cc7\u91d1\u5faa\u74b0\u306f\u898b\u3089\u308c\u305a\u6d41\u52d5\u6027\u306fBTC\u30fbETH\u306a\u3069\u306b\u96c6\u4e2d\u3057\u3066\u3044\u305f\u3002","breadcrumb":{"@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#primaryimage","url":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp","contentUrl":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute.webp","width":1200,"height":675,"caption":"4\u5e74\u5468\u671f\u306e\u5d29\u58ca\u3068\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u30fb\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u306e\u72ec\u8d70"},{"@type":"BreadcrumbList","@id":"https:\/\/icobench.com\/jp\/news\/wintermute-report-crypto-cycle-altcoin-liquidity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/icobench.com\/jp\/"},{"@type":"ListItem","position":2,"name":"\u30a2\u30eb\u30c8\u30b3\u30a4\u30f3\u30b7\u30fc\u30ba\u30f3\u306f2025\u5e74\u306b\u5230\u6765\u305b\u305a\uff5cWintermute\u5206\u6790"}]},{"@type":"WebSite","@id":"https:\/\/icobench.com\/jp\/#website","url":"https:\/\/icobench.com\/jp\/","name":"ICOBench Japan","description":"","publisher":{"@id":"https:\/\/icobench.com\/jp\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/icobench.com\/jp\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":"Organization","@id":"https:\/\/icobench.com\/jp\/#organization","name":"ICOBench Japan","url":"https:\/\/icobench.com\/jp\/","logo":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/icobench.com\/jp\/#\/schema\/logo\/image\/","url":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2024\/08\/icobench_1-2048x602-1.png","contentUrl":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2024\/08\/icobench_1-2048x602-1.png","width":2048,"height":602,"caption":"ICOBench Japan"},"image":{"@id":"https:\/\/icobench.com\/jp\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/icobench.com\/jp\/#\/schema\/person\/3e9c04e1fdb87b0833ba770863974dbc","name":"\u677e\u7530 \u660e\u65e5\u9999","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/icobench.com\/jp\/#\/schema\/person\/image\/","url":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2025\/01\/avatar_user_152_1737698593-96x96.jpg","contentUrl":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2025\/01\/avatar_user_152_1737698593-96x96.jpg","caption":"\u677e\u7530 \u660e\u65e5\u9999"},"description":"\u6697\u53f7\u8cc7\u7523\u6295\u8cc7\u30922020\u5e74\u306b\u59cb\u3081\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3084NFT\u3001DeFi\u306a\u3069\u8907\u6570\u306e\u5206\u91ce\u3067\u6295\u8cc7\u7d4c\u9a13\u3092\u6709\u3059\u308b\u30022025\u5e741\u6708\u306bICOBench\u306b\u53c2\u52a0\u3057\u3001\u5c02\u9580\u7684\u306a\u6697\u53f7\u8cc7\u7523\u30e9\u30a4\u30c6\u30a3\u30f3\u30b0\u3092\u624b\u639b\u3051\u3066\u3044\u308b\u3002","url":"https:\/\/icobench.com\/jp\/author\/asuka\/"}]}},"featured_image_src":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute-600x400.webp","featured_image_src_square":"https:\/\/icobench.com\/jp\/wp-content\/uploads\/sites\/4\/2026\/01\/crypto-cycle-collapse-wintermute-600x600.webp","author_info":{"display_name":"\u677e\u7530 \u660e\u65e5\u9999","author_link":"https:\/\/icobench.com\/jp\/author\/asuka\/"},"_links":{"self":[{"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/posts\/27296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/users\/152"}],"replies":[{"embeddable":true,"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/comments?post=27296"}],"version-history":[{"count":1,"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/posts\/27296\/revisions"}],"predecessor-version":[{"id":27302,"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/posts\/27296\/revisions\/27302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/media\/27298"}],"wp:attachment":[{"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/media?parent=27296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/categories?post=27296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icobench.com\/jp\/wp-json\/wp\/v2\/tags?post=27296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}