Arkham’s attribution shows that 41.9 BTC, worth approximately $2.98 million, was transferred from OKX to Wintermute around 03:25 UTC. This on-chain movement underscores ongoing activity between major venues and market makers, as tracked by Arkham.
This on-chain flow illustrates how funds move across exchanges and liquidity providers in real time, a trend Arkham monitors across the market. As on-chain tracking becomes more prevalent, traders and researchers observe liquidity dynamics and counterparty activity to gauge market depth and price formation.















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