A Market maker Wintermute has transferred a notable amount of crypto to Binance and Coinbase in recent hours. The transfers include: > 129,540 SOL worth about $12.42 million sent to Binance
> 169.5 BTC worth about $13.11 million also sent to Binance
> An additional 407.47 BTC worth roughly $31.36 million routed through intermediary wallets before arriving at Coinbase
The total value of these moves is approximately $57 million. Large transfers from market makers to exchange hot wallets are closely watched. They can signal preparation for selling, providing liquidity, or internal rebalancing. Given the recent price volatility, the size and direction of these transfers have attracted attention. Whether this leads to meaningful selling pressure is still unclear, but the flow of funds toward exchanges is significant. Notable exchange-bound transfers from a major market maker.
$BTC $SOL #Bitcoin Price Prediction: What is Bitcoins next move?# #Solana flip Ethereum?#
> 169.5 BTC worth about $13.11 million also sent to Binance
> An additional 407.47 BTC worth roughly $31.36 million routed through intermediary wallets before arriving at Coinbase
The total value of these moves is approximately $57 million. Large transfers from market makers to exchange hot wallets are closely watched. They can signal preparation for selling, providing liquidity, or internal rebalancing. Given the recent price volatility, the size and direction of these transfers have attracted attention. Whether this leads to meaningful selling pressure is still unclear, but the flow of funds toward exchanges is significant. Notable exchange-bound transfers from a major market maker.
$BTC $SOL #Bitcoin Price Prediction: What is Bitcoins next move?# #Solana flip Ethereum?#