Crypto market maker Wintermute has withdrawn a significant amount of Bitcoin from major exchanges, according to on-chain analytics by TheDataNerd. On October 31, Wintermute withdrew 115 BTC, worth approximately $8.32 million, from Coinbase.
Over the past 24 hours, Wintermute has withdrawn a total of 1,713 BTC, valued at around $123.8 million, from Binance, Coinbase, and Cobo. As of the latest data, Wintermute holds 1,969 BTC, equivalent to approximately $142.68 million.
This substantial withdrawal of Bitcoin by a prominent market maker like Wintermute could signal potential market movements or strategic positioning. Traders and investors should keep a close eye on such on-chain activities to gauge market sentiment and potential liquidity shifts.
<p>The post Wintermute Withdraws 1,713 BTC Worth $123.8M from Binance, Coinbase, and first appeared on CoinBuzzFeed.</p>
