Maker

2024

Arbitrum

Bitcoin

Giant

While altcoin whales have been active in recent days, there are both sellers and buyers. Wintermute, one of the giant market makers, also deposited $12 million worth of Arbitrum (ARB) to Binance hours ago. 
According to a post by on-chain analyst The Data Nerd, three wallets belonging to Wintermute deposited 12.3 million ARB worth $12 million to Binance. 
Notably, Wintermute had withdrawn all these ARB tokens from Coinbase two days ago. 
<blockquote> 
 “3 hours ago, 3 wallets belonging to Wintermue deposited 12.3 million ARB (worth approximately $12 million) to Binance. 
 All of the above tokens were withdrawn from Coinbase 2 days ago.” 
</blockquote> 
Investors and analysts speculate that this transfer is likely a deliberate strategy by Wintermute to impact ARB's liquidity and market presence on Binance. This move by Wintermute also increased investors' expectations that there may be a downward movement in the Arbitrum price. 
ARB, which dropped to $0.90 with the decline in Bitcoin on Friday, continues to be traded at $0.967 at the time of writing. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 3 hours ago, 3 wallets (belongs to <a href="https://twitter.com/wintermute_t?ref_src=twsrc%5Etfw">@wintermute_t</a>) just deposited 12.3M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> (~$12M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a>. 
 All those above tokens were withdrawn from <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> 2 days ago. 
 Addresses:<a href="https://t.co/GzRXyGvgbk">https://t.co/GzRXyGvgbk</a><a href="https://t.co/KBkaq4So8F">https://t.co/KBkaq4So8F</a><a href="https://t.co/JUvjYTDiAE">https://t.co/JUvjYTDiAE</a> <a href="https://t.co/6NdEGuJi1P">pic.twitter.com/6NdEGuJi1P</a> 
 — The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1800027879939653735?ref_src=twsrc%5Etfw">June 10, 2024</a>
</blockquote> 
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*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-market-maker-wintermute-added-this-ethereum-based-altcoin-to-binance-fall-expectations-increased/">Giant Market Maker Wintermute Added This Ethereum-Based Altcoin to Binance! Fall Expectations Increased!</a>

Giant Market Maker Wintermute Added This Ethereum-Based Altcoin to Binance! Fall Expectations Increased!

Bitcoin Sistemi EN

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