๐Ÿ”ถ ๐„๐—๐‚๐‡๐€๐๐†๐„ ๐Œ๐Ž๐•๐„๐’ ๐€๐‹๐„๐‘๐“ ๐Ÿšจ

๐ŸŸ  ๐๐ข๐ง๐š๐ง๐œ๐ž ๐Ž๐Ÿ๐Ÿ๐ฅ๐จ๐š๐๐ข๐ง๐  $๐„๐“๐‡ & $๐’๐Ž๐‹

๐Ÿ”ธ Multiple whale-size transfers spotted from Binance hot wallets โ†’ Wintermute.

๐Ÿ”ธ Recent flows:

โ€ข 2,862 ETH ($13.08M)

โ€ข 13.3K SOL ($2.76M)

โ€ข 487 ETH ($2.23M)

โ€ข 10.4K SOL ($2.16M)

๐ŸŸ  ๐„๐ญ๐ก๐ž๐ซ๐ž๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐ซ๐ฏ๐ž ๐’๐ก๐จ๐œ๐ค

๐Ÿ”ธ Binance ETH reserves are reported at 100.67%.

๐Ÿ”ธ Yet large transfers continue โ€” so whereโ€™s the fresh ETH supply coming from? ๐Ÿค”

๐ŸŸ  ๐–๐ก๐ฒ ๐ˆ๐ญ ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ

๐Ÿ”ธ Continuous exchange โ†’ MM flows = potential OTC deals or liquidity rotations.

๐Ÿ”ธ Heavy ETH + $SOL offloading could signal sell-side pressure or market-making hedging activity.

โšก ๐Š๐ž๐ฒ ๐“๐š๐ค๐ž๐š๐ฐ๐š๐ฒ: The flows donโ€™t lie. Binance โ†’ Wintermute pipeline is heating up.

๐Ÿ‘‰ Question remains: How long can #Binance keep pushing $ETH out while claiming 100%+ reserves?