Marathon Digital Transfers $26.3 Million in Bitcoin to Wintermute

According to Lookonchain, Marathon Digital sent 288 BTC to liquidity provider Wintermute, reflecting active capital movement within the cryptocurrency trading ecosystem.

BTC

Summary

Marathon Digital, a U.S.-based Bitcoin mining company, moved 288 BTC valued at approximately $26.3 million to market maker Wintermute on January 5, based on Lookonchain's on-chain monitoring data. The transfer was recorded nine hours before the update and highlights ongoing liquidity operations involving major crypto firms.

Terms & Concepts
  • Market maker: An entity that provides liquidity in markets by continuously quoting buy and sell prices for assets.
  • On-chain data: Information recorded directly on a blockchain, accessible for verification and tracking of transactions.
  • BTC: The abbreviation for Bitcoin, the first and largest cryptocurrency by market capitalization.