Wintermute deposits 590.9 BTC worth $45.66 million to Binance

Wintermute, a prominent cryptocurrency market maker, deposited 590.9 BTC valued at approximately $45.66 million into Binance about an hour ago, according to blockchain tracking platform Onchain Lens. This brings the total deposits over the past week to 3,834.3 BTC worth around $256.8 million. The inflows reflect routine treasury management and liquidity provision activities. Bitcoin's price has remained relatively stable near $77,200, up 0.8% in the past 24 hours, suggesting the market has absorbed the deposits. Analysts note that such movements are best understood in the context of broader macroeconomic factors rather than a definitive market view.

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