🔥 Hot News Crypto!!!

Market Markers are joining hands to release ETH, causing prices to adjust to collect more goods. FalconX and Wintermute have consistently received ETH from Cumberland and B2C2 Wintermute and FalconX transferred a total of 39.63M ETH to Binance, OKX, Coinbase and Bybit to dump, causing the price to continuously drop sharply.

Why do I say the market is adjusted to collect goods? Wintermute has minted 12M USDC and deposited 78.92M USDC on Coinbase. FalconX has minted 10M USDC and deposited 25M USDC on Binance.

Over the past hour, Cumberland has collected a total of 23,586 ETH = 52.82M from Coinbase.

It can be understood that Market Marker released ETH causing the market to adjust and they have prepared the above stablecoins in advance to be ready to collect and collect more goods. As I said in the previous article, we are still in phase 1, so it is quite understandable for the market to adjust to let MM collect goods. Everyone can understand the MM flow as follows: Mint and dep stablecoin - Discharge ETH - Use stablecoin to collect - Accumulate more ETH

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