Wintermute出售了所有比特幣（BTC）持有，因為加密貨幣降至$ 90000以下

清算恰逢市場下降，比特幣下降了7.82％，至88,020.00美元。

Crypto market maker Wintermute has sold its entire Bitcoin (BTC) holdings as the cryptocurrency dropped below the key support of $90,000 on Monday.

加密推銷商Wintermute出售了整個比特幣（BTC）持有的持有，因為加密貨幣在周一下降到90,000美元的主要支持下。

The market maker liquidated 1,863 BTC (around $163.6 million at the time of the transaction) as Bitcoin fiyatı fell 7.82% to $88,020.00.

當比特幣Fiyatı下跌7.82％，至88,020.00美元時，做市商清算了1,863 BTC（交易時約1.63億美元）。

This move comes as part of a broader market decline, with the cryptocurrency’s value dropping over 40% from its all-time high of $150,000 reached in November 2021.

這一舉動是市場下降的一部分，而該加密貨幣的價值從2021年11月的歷史最高售價下降了40％以上。

According to data from Arkham Intelligence, Wintermute is known for its strategic selling of crypto assets ahead of market downturns.

根據Arkham Intelligence的數據，Wintermute以其在市場低迷之前的戰略性出售加密資產而聞名。

The firm’s recent liquidation of their entire BTC holdings coincided with Bitcoin breaking below the critical $90,000 support level, sparking speculation about potential advance knowledge of price movements.

該公司最近對整個BTC持有的清算恰逢比特幣的破損低於90,000美元的支持水平，這引發了人們對潛在的價格變動的潛在提前知識的猜測。

The market maker has consistently exited Bitcoin positions before significant price drops, a pattern that has raised questions about market manipulation tactics.

做市商在大幅下降之前一直退出比特幣頭寸，這種模式引發了有關市場操縱策略的問題。

This recent selling activity matches previous instances where Wintermute liquidated crypto assets ahead of market downturns.

這項最近的銷售活動與以前的實例相匹配，在市場下跌之前，Wintermute清算加密資產。

The timing becomes more suspicious when examining whale alert data, which showed 1,099 BTC transferred from an unknown wallet to Wintermute approximately 11 hours before their selling activity.

在檢查鯨魚警報數據時，時間更加可疑，該數據顯示1,099個BTC從銷售活動前約11小時從未知的錢包轉移到Wintermute。

This transaction, valued at nearly $100 million at the time, suggests the firm may have been preparing for substantial trading activity.

當時的這筆交易價值將近1億美元，表明該公司可能正在為實質性交易活動做準備。

Moreover, market observers have noted that Wintermute frequently executes large trades at the end of hourly candles, a period when price discovery can be more volatile and susceptible to influence.

此外，市場觀察家指出，溫特姆特經常在小時蠟燭結束時進行大型交易，在這個時期，價格發現可能更加動盪並且容易受到影響。

Wintermute's current portfolio structure further supports this strategic approach, with the firm holding $127.96 million in USDC and $41.54 million in FDUSD stablecoins.

Wintermute目前的投資組合結構進一步支持了這種戰略方法，該公司持有1.279億美元的USDC和4154萬美元的FDUSD Stablecoins。

This positions them for potential re-entry at lower price levels.

這將它們定位為潛在的重新進入價格水平。

Their high percentage of stablecoin holdings (nearly 27% of their total portfolio) allows them substantial buying power to acquire assets after price declines they may have helped initiate.

他們的穩定股權持有率（佔其總投資組合的近27％）的高百分比使他們可以在價格下降後獲得大量購買力，從而獲得資產。

Due to its status as a leading market maker, Wintermute may have unique relationships with major exchanges that could allow coordinated trading activities beyond normal market operations.

由於其作為領先的做市商的地位，Wintermute可能與主要交易所具有獨特的關係，這些交易可以允許正常市場運營以外的協調交易活動。

Analyst MartyParty highlighted a pattern between Binance’s Solana (SOL) balance and Wintermute’s SOL holdings, noting how “the two charts fit perfectly into each” other.”

分析師Martyparty強調了Binance的Solana（Sol）平衡與Wintermute的Sol Holdings之間的模式，並指出了“這兩個圖表如何完全適合“彼此”。

This suggests a pattern where SOL tokens move to the market maker specifically for price suppression operations before returning to exchange wallets.

這表明了一種模式，在返回交換錢包之前，SOL令牌專門用於推銷價格抑制運營。

He stated that this pattern becomes particularly concerning when examining the scale of impact: approximately 1 million SOL tokens were apparently deployed to drive prices down from $300 to $150, representing a 50% price reduction.

他說，在檢查影響範圍時，這種模式特別令人擔憂：顯然，大約有100萬個SOL令牌將價格從300美元下降到150美元，這是價格降低50％。

The current Wintermute portfolio shows 622,491 SOL valued at $85.01 million with a 24-hour decrease of 12.46%, indicating continued activity in this asset class.

當前的Wintermute投資組合顯示622,491輛溶膠價值為8501萬美元，降低了12.46％，表明該資產類別的持續活動。

If similar coordination occurs across multiple cryptocurrencies, as some analysts suggest, it would represent a systematic approach to market control rather than isolated incidents.

如某些分析師所表明的那樣，如果在多個加密貨幣之間發生類似的協調，則將代表一種系統的市場控制方法，而不是孤立的事件。

The technical definition of Wintermute’s role as a liquidity provider creates a gray area for these activities.

Wintermute作為流動性提供商角色的技術定義為這些活動創造了一個灰色區域。

While market makers legitimately balance exchange books and provide liquidity, the timing and scale of their trading moves suggest potential privileged information flows.

做市商合法平衡交換書籍並提供流動性，但交易行動的時機和規模表明潛在的特權信息流。

The activities of market makers like Wintermute exist in a regulatory blind spot within cryptocurrency markets, operating without the strict oversight that would apply to similar practices in traditional finance.

像Wintermute這樣的做市商的活動存在於加密貨幣市場內的一個監管盲點中，而無需嚴格的監督，這將適用於傳統金融中的類似做法。

Their dual role as both liquidity providers and proprietary traders creates inherent conflicts of interest, particularly when they possess large enough positions to independently move markets.

他們作為流動性提供商和專有商人的雙重作用造成了固有的利益衝突，尤其是當他們擁有足夠大的職位以獨立發展市場時。

Bitcoin’s recent price drop below $90,000 after Wintermute’s exit raises serious questions about their market impact and whether their activities constitute legitimate trading or manipulation.

在溫特莫特（Wintermute）退出後，比特幣最近的價格下跌了90,000美元以下，對其市場影響以及其活動是否構成合法交易還是操縱引起了嚴重的疑問。

Their dual role as both liquidity providers and proprietary traders creates inherent conflicts of interest, particularly when they possess large enough positions to independently move markets.

他們作為流動性提供商和專有商人的雙重作用造成了固有的利益衝突，尤其是當他們擁有足夠大的職位以獨立發展市場時。

Bitcoin’s recent price drop below $90,000 after Wintermute’s exit raises serious questions about their market impact and whether their activities constitute legitimate trading or manipulation.

在溫特莫特（Wintermute）退出後，比特幣最近的價格下跌了90,000美元以下，對其市場影響以及其活動是否構成合法交易還是操縱引起了嚴重的疑問。

This potential manipulation extends beyond Bitcoin. Wintermute’s portfolio currently includes 10.597 ETH ($25.43 million), 271.478 WBTC ($23.91 million), and substantial positions in SKY and WETH—all currencies showing notable declines in the same timeframe.

這種潛在的操作超出了比特幣。 Wintermute的投資組合目前包括10597 ETH（2543萬美元），271.478 WBTC（2391萬美元），以及在Sky and Weth的大量職位，所有貨幣在同一時間範圍內顯示出明顯下降的貨幣。

This synchronized selling across multiple assets suggests coordinated positioning rather than isolated trading decisions.

這種跨多個資產的同步銷售表明協調定位，而不是孤立的交易決策。