Wintermute deposited 1,279.99 Bitcoin, worth about $98.68 million, to Binance through eight transactions over the past 18 hours, according to Onchain Lens monitoring cited by BlockBeats. The latest transfer involved 90.1 Bitcoin valued at about $6.97 million. Wintermute has transferred a cumulative 3,834.3 Bitcoin, worth about $256.8 million, to Binance this week. Large deposits to exchanges are often viewed as potential selling-pressure signals, but for a market maker such as Wintermute they may also support liquidity management, market making or cross-platform trading. On-chain transfers alone do not confirm that the Bitcoin was sold.