Wintermute transferred 1,279.99 BTC to Binance, worth approximately $98.9 million

BlockBeats News, August 24: According to Onchain Lens monitoring, Wintermute transferred 1,279.99 BTC to Binance in 8 transactions in the past 18 hours, with a total value of approximately $98.68 million. The most recent transfer was 90.1 BTC, worth around $6.97 million.

Previous data has shown that Wintermute has been consistently moving BTC to exchanges, with a total of 3,834.3 BTC transferred to Binance this week, valued at around $256.8 million. Large deposits to exchanges are often seen by the market as potential selling pressure signals. However, for market makers like Wintermute, these transfers may also be used for liquidity management, market making, and cross-platform trades. Based solely on on-chain transfers, it is not possible to confirm actual selling behavior.