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On-Chain Data Monitoring Shows Large BTC Transfers
According to Arkham on-chain data tracking, a significant Bitcoin transfer occurred during the early hours recently. Data indicates that 119.8 BTC (approximately $9.47 million) was transferred out from a major exchange, with the destination address pointing to market maker Wintermute.
**Transfer Size Sparks Market Attention**
Based on the current BTC price of around $93,000, this transfer represents a large movement close to the tens of millions of dollars. As a well-known liquidity provider in the crypto market, every large transaction in Wintermute's wallet often becomes a focal point for market observation.
**Institutional Movements Continue to Be Monitored**
Similar on-chain transfer monitoring has become an important reference for many traders and analysts. Large BTC flows to market makers often suggest internal liquidity adjustments or changes in trading activity within the market. Such data is valuable for understanding the movements of institutional investors.