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Binance has been selling massive amounts of $SOL over the past 4 hours via market maker Wintermute. Keep an eye on BTC dominance, guys!
In the last few hours, Binance has been moving large amounts of Solana ($SOL) through Wintermute, one of the largest market makers in the world. These million-dollar transactions have drawn attention and raised questions about what might be coming next. But what does this mean? When large amounts of a cryptocurrency are sent to exchanges or market makers, it usually indicates an intention to sell, which can put downward pressure on the price. On the other hand, it could also be just a strategic reallocation of funds. Bitcoin (SBTC) dominance is also an important indicator to monitor. If BTC gains strength while altcoins like Solana face selling pressure, the market could be entering a defensive movement. Is it time for caution or opportunity? The crypto market is volatile and these movements can signal both a correction and a reorganization before new highs. Stay alert and manage your risks!$SOL