On-chain data: Wintermute sent �3e$1.5B of BTC, ETH and SOL to centralized exchanges; on�adchain holdings fell from ~$540M to ~$320M then partially rebounded
first published 2025-12-15T08:16:22Z
On-chain tracking shows market maker Wintermute moved large batches of Bitcoin, Ether and Solana to centralized exchanges (including Binance) over roughly three weeks in late Nov–early Dec. Observers estimate more than $1.5B moved in short bursts; Arkham reported aggregate on‑chain holdings fell from about $540M at a late‑November peak to roughly $320M before rebounding to an estimated $422M as of Dec. 15. Remaining reported on‑chain assets included 757 BTC, 10,700 ETH, 648,000 SOL and >$27M USDC. The activity coincided with market weakness but may reflect risk rebalancing, client order execution, or inventory management rather than insolvency.
AI Analysis
On‑chain data show large transfers of BTC, ETH and SOL to centralized exchanges (including Binance) with observers estimating >$1.5B moved; Arkham tracked Wintermute’s on‑chain holdings dropping from ~540M to ~320M then partially rebounding to ~422M. The transfers coincided with market weakness, implying selling pressure, though the summary notes alternative explanations (risk‑rebalancing, client orders, inventory management).
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
