🐳 Wintermute transferred over 1,200 BTC to Binance at the beginning of the year
On-chain data shows that market maker Wintermute has transferred over 1,200 BTC to Binance within just a few days at the start of the year.
Notably, the transactions occurred when market liquidity was still thin, a sensitive time that can amplify price volatility.
As a market maker, the move to bring BTC to the exchange often implies:
• preparing to provide liquidity
• or ready to distribute in the short term
History shows that large BTC inflows to CEX often precede significant price fluctuations.
Currently, there are no signs of panic, but this is an on-chain signal to closely monitor in the early sessions of the year.
