Wintermute Investment Fund's Unusual Behavior for $ETH , a Positive Signal for the Market??
Wintermute's Ether Balance in Binance KYC Wallet from October 2nd to now has not had any column building
That means the number $ETH Wintermute transferred to Binance in the past week is very low and there is no sign of short-term selling
Why do I say this is unusual behavior?
Normally, when the market fluctuates, the balance columns will immediately increase sharply, meaning Wintemute deposits ETH on the exchange
However, over the past week, although the dump rhythm from 2k5 to 2k3 is still there, they still do not have any pre- or post-deposit behavior to exit liquid
Basically, they do not want to dump $ETH anymore and this is coinciding with the trend of swapping BTC to ETH of other large entities
Note: This case has happened on September 7-18