Wintermute出售了所有比特币（BTC）持有，因为加密货币降至$ 90000以下

清算恰逢市场下降，比特币下降了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.

加密推销商Wintermute出售了整个比特币（BTC）持有的持有，因为加密货币在周一下降到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.

当比特币Fiyatı下跌7.82％，至88,020.00美元时，做市商清算了1,863 BTC（交易时约1.63亿美元）。

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.

这一举动是市场下降的一部分，而该加密货币的价值从2021年11月的历史最高售价下降了40％以上。

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

根据Arkham Intelligence的数据，Wintermute以其在市场低迷之前的战略性出售加密资产而闻名。

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.

该公司最近对整个BTC持有的清算恰逢比特币的破损低于90,000美元的支持水平，这引发了人们对潜在的价格变动的潜在提前知识的猜测。

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币头寸，这种模式引发了有关市场操纵策略的问题。

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

这项最近的销售活动与以前的实例相匹配，在市场下跌之前，Wintermute清算加密资产。

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.

在检查鲸鱼警报数据时，时间更加可疑，该数据显示1,099个BTC从销售活动前约11小时从未知的钱包转移到Wintermute。

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

当时的这笔交易价值将近1亿美元，表明该公司可能正在为实质性交易活动做准备。

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，市场观察家指出，温特姆特经常在小时蜡烛结束时进行大型交易，在这个时期，价格发现可能更加动荡并且容易受到影响。

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目前的投资组合结构进一步支持了这种战略方法，该公司持有1.279亿美元的USDC和4154万美元的FDUSD Stablecoins。

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

这将它们定位为潜在的重新进入价格水平。

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.

他们的稳定股权持有率（占其总投资组合的近27％）的高百分比使他们可以在价格下降后获得大量购买力，从而获得资产。

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.

由于其作为领先的做市商的地位，Wintermute可能与主要交易所具有独特的关系，这些交易可以允许正常市场运营以外的协调交易活动。

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.”

分析师Martyparty强调了Binance的Solana（Sol）平衡与Wintermute的Sol Holdings之间的模式，并指出了“这两个图表如何完全适合“彼此”。

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

这表明了一种模式，在返回交换钱包之前，SOL令牌专门用于推销价格抑制运营。

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.

他说，在检查影响范围时，这种模式特别令人担忧：显然，大约有100万个SOL令牌将价格从300美元下降到150美元，这是价格降低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.

当前的Wintermute投资组合显示622,491辆溶胶价值为8501万美元，降低了12.46％，表明该资产类别的持续活动。

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

如某些分析师所表明的那样，如果在多个加密货币之间发生类似的协调，则将代表一种系统的市场控制方法，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作为流动性提供商角色的技术定义为这些活动创造了一个灰色区域。

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

做市商合法平衡交换书籍并提供流动性，但交易行动的时机和规模表明潜在的特权信息流。

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这样的做市商的活动存在于加密货币市场内的一个监管盲点中，而无需严格的监督，这将适用于传统金融中的类似做法。

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.

他们作为流动性提供商和专有商人的双重作用造成了固有的利益冲突，尤其是当他们拥有足够大的职位以独立发展市场时。

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.

在温特莫特（Wintermute）退出后，比特币最近的价格下跌了90,000美元以下，对其市场影响以及其活动是否构成合法交易还是操纵引起了严重的疑问。

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.

他们作为流动性提供商和专有商人的双重作用造成了固有的利益冲突，尤其是当他们拥有足够大的职位以独立发展市场时。

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.

在温特莫特（Wintermute）退出后，比特币最近的价格下跌了90,000美元以下，对其市场影响以及其活动是否构成合法交易还是操纵引起了严重的疑问。

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.

这种潜在的操作超出了比特币。 Wintermute的投资组合目前包括10597 ETH（2543万美元），271.478 WBTC（2391万美元），以及在Sky and Weth的大量职位，所有货币在同一时间范围内显示出明显下降的货币。

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

这种跨多个资产的同步销售表明协调定位，而不是孤立的交易决策。