Wintermute pulled a net $14.01M off exchanges in 24h – the desk is unloading

The raw balance tells it simply: $66.91M in deposits against $80.91M in withdrawals over the last day. That is a net outflow of $14.01M across 148 deposits and 120 withdrawals. Wintermute is reducing inventory on venues.

When a desk pulls this much net liquidity off exchanges, it signals they are lightening their position ahead of making a market, not loading up to facilitate aggressive two-sided flow. The lean is toward inventory reduction.