🚨 IS A LARGE CASH FLOW PUTTING SELLING PRESSURE ON BITCOIN?
On-chain data shows that the wallet associated with
#Wintermute is continuously transferring Bitcoin to exchanges with high frequency over a short period of time. This is an important signal as large-scale transactions to exchanges are often linked to liquidity needs or risk hedging, rather than accumulation.
The short-term consequences are quite clear:
Spot selling pressure increases, BTC price reacts negatively and quickly breaks through nearby support levels.
Thin liquidity during off-peak hours causes the decline to be amplified.
Market sentiment shifts to defensive, and leverage is quickly unwound.
Note: Wintermute is a market maker, their cash flow does not always mean “pure liquidation.” This activity may serve hedging, balancing options positions, or providing liquidity during periods of high volatility. However, the short-term impact on price is real when the amount of BTC flooding into exchanges increases suddenly.
Conclusion: When large cash flows prioritize safety and liquidity, the market struggles to rally immediately. BTC needs time to absorb supply, stabilize funding, and restore confidence before establishing a new trend. I just bought more
$BTC .