Just checked on on-chain data, there was a pretty big BTC movement last night. 151 BTC was transferred from one of the major CEXs to an intermediary address, then directly into Wintermute. The amount is around 10 million dollars, so this isn't an ordinary transfer.



Wintermute is a leading market maker in crypto, so this is likely part of their market-making strategy. But it's really interesting to see this transfer pattern — using an intermediate address first before entering Wintermute. It seems like someone wants to maintain privacy or it's just their standard procedure.

Anyway, such large movements from Wintermute like this usually serve as a signal that trading activity or liquidity provision is about to happen. Worth keeping an eye on to see what they do with this massive BTC.
BTC-0.08%
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