Jump Trading, Wintermute and Abraxas Capital have a large amount of Bitcoin deposited (BTC), ether (ETH) and arbitrage Breeder A token to crypto exchanges shows blockchain data during Monday’s crypto market selloff.
Asset manager Abrex Capital has transferred 14,130 ETH – roughly $22.5 million – to Bitfinex in two transactions, according to blockchain analytics firm Arkham Intelligence. It is mentioned In the X post. Major market maker Jump Trading sent nearly $5.9 million worth of 236 BTC to Binance in one go, Arkham added.
Blockchain sleuth Lookonchain It is mentioned That Wintermuth, another big market maker, has deposited more than $3.3 million in ARB to Binance in the last 8 hours.
Smaller traders are better informed and have a significant role in the market, so large institutional traders follow the movements on the chain. Submitting tokens to exchanges may indicate a desire to sell them, but may also be part of market makers’ offering of funds.
Today’s transfers are done as they were. Crypto markets have dropped significantly About the crypto exchange FTX on the threat that it could destroy the digital assets of $ 3.4 billion. September is a historically tumultuous month for digital assets, with BTC posting negative returns every year since 2016. Coinglass data It shows.
BTC was barely above the $25,000 level, down 2.8% in the last 24 hours. ETH fell 4.7% to its lowest price since March. ARB led the decline among major cryptocurrencies, accumulating 11% on the day.