AI MARKET READ · 2026-07-16
↗ BULLISH
Wintermute pulled a net $37.33M off exchanges in the last 24h — the desk is unloading inventory.
Q Where are the market makers leaning right now?
Wintermute pulled a net $37.33M off exchanges in the last 24h — the desk is unloading inventory.
Over the past day Wintermute deposited $145.91M but withdrew $183.24M, leaving a net outflow of $37.33M across 230 withdrawal transactions. That is a clear lean toward pulling stock off venues rather than loading them up.
ГОЛОВНА ТЕЗА
When a major desk like Wintermute reduces exchange balances at this pace, it typically signals they are not preparing to make aggressive two-sided markets on those venues right now. The outlier story is the withdrawal side exceeding deposits, which points to a period of lighter market-making presence rather than ramping into a spread-capturing environment.
