On August 24, according to Onchain Lens monitoring, Wintermute transferred 1,279.99 BTC to Binance through 8 transactions in the past 18 hours, valued at approximately $9.868 million. The latest transfer was 90.1 BTC, worth about $6.97 million. Previous data indicated that Wintermute has been continuously transferring BTC to trading platforms, with a total of 3,834.3 BTC transferred to Binance this week, valued at approximately $256.8 million. Large deposits to trading platforms are often seen by the market as potential selling pressure signals, but for market makers like Wintermute, they may also be used for liquidity management, market making, and cross-platform trading. On-chain transfers alone cannot confirm actual selling behavior.
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Wintermute Transfers 1,279.99 BTC to Binance Worth Approximately $9.89 Million
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