#FedHODL Far from accusing any party, I would like to clarify that this behavior (recycling) has existed in financial markets since time immemorial, but its focus is on a 24/7 open market and with the presence of futures and huge amounts of money, it has drawn the attention of many people to strange operations that occur between:
Binance
Wintermute
CoinBase
So that a huge recycling process takes place on a specific currency or currencies, starting with their sale from Binance, passing through Wintermute, then CoinBase
What is the purpose of this process?
Raising fear that there are real sales and vice versa, the price is compressed by recycling quantities and showing that there is a large implementation and people sell and then the price rises. And vice versa.
In the picture: During the past hour, Binance sent $ 14.5 million SOL and $ 11 million ETH and $ 25 million BTC to the market maker wintermute.
In my personal opinion: The deliberate price reduction may mean that they expect something big to happen in the very near future.