Crypto market maker Wintermute has recently transferred digital assets worth about $56.89 million to Binance and Coinbase, according to on-chain monitoring cited by Techub News. The tracked flows included 169.5 BTC worth about $13.11 million and 129,500 SOL worth roughly $12.42 million sent to Binance. In a separate leg, 407.47 BTC valued at about $31.36 million was routed through an intermediary address to Coinbase.
Techub said the transfers may be tied to position adjustments and liquidity management by the market maker. Large deposits from trading firms to exchanges are often watched closely because they can signal possible selling activity or a move to replenish exchange-side liquidity. Wintermute, as one of the better-known crypto market makers, tends to draw added attention when sizable on-chain transfers to centralized venues appear.
Wintermute recently transferred crypto assets worth about $56.89 million to Binance and Coinbase, according to Techub News, which cited monitoring by @OnchainLens.
The flows to Binance included 169.5 BTC valued at about $13.11 million and 129,500 SOL worth roughly $12.42 million.
Separately, Wintermute sent 407.47 BTC worth about $31.36 million to Coinbase through an intermediary address. The combined value of the transfers was about $56.89 million.
Techub said the movement of funds may be related to position adjustments and liquidity management by the market maker. As a well-known crypto market maker, Wintermute’s large transfers to exchanges are often viewed as a potential sign of selling activity or an effort to add liquidity.
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