- Binance and Wintermute were confronted with control over forced sale claims.
- Global market capitalization rose by 3.20% as BTC and ETH recovered profits.
2025 appears to be a turbulent year for the cryptomarket, characterized by two large crashes – one caused by the launch of Deepseek and the other by an escalating rate war.
The sharp decline has also fueled speculation about market manipulation, where giants are confronted in the industry.
Source: X
For those who were not aware, the cryptomarkt stood within 24 hours on 3 February for a stunning $ 2.24 billion in liquidations.
This was after an executive order by imposing US President Donald Trump Import tariffs on China, Canada and Mexico.
Winter mute CEO is in defense
Wintermute’s founder Evgeny Gaevoy, however tart These claims stating that cryptocurrency was liquidated as a result of traditional financial events (Trandfi), and not in industry participants.
He said,
“Understanding that our little Crypto market is now very directly linked to the real world outside […] Is quite essential to be a (more) successful trader. But sure, you can ignore this information and choose to believe in a conspiracy of Wintermute + Binance. “
Does Marty Party add fuel to the fire?
Crypto Sleuth Marty Party has also increased alarms about possible market manipulation, claiming that Binance is awarding significant funds in Wintermute to activate forced sale and influence the behavior of traders.
Source: Martyparty/X
According to its claims, this strategy is intended to push investors into capitulation, which means that large players create opportunities to buy at lower prices.
Although there were suspicions of cheating, it was only recently that Marty Party Binance and Wintermute connected directly with possible market manipulation.
In response, Gaevoy rejected the concern and the community assured that this situation does not resemble the past collapses such as FTX or Terra-Luna.
“We do not take months long positions, such as Trabucco at Alameda and when we take these positions, they are quite small (and subject to that 20-30% of the net stock range I mentioned earlier). Very majority of our discretionary plays are lungs, buying the dip or buying locked tokens at a large discount type. Although we take short positions, they are very rare. “
Gaevoy stated that the company is active in Centralized Finance (CEFI), Decentralized Finance (Defi) and freely available (OTC) markets, which maintains a highly diversified approach.
He added,
“We do not manipulate prices, because a) we do not know how B) our core activities is valuable enough not to do stupid illegal shit.”
Everything about winter mute and his journey
Winter mute remains the leading counterparty of Binance, with trade volumes that reach $ 34.54 billion in the past month. Winter mute was good for $ 14.94 billion, while Binance saw $ 19.24 billion.
Market makers play a crucial role in maintaining liquidity, but their actions can strengthen sales pressure during decline.
In August 2024, five large market makers jointly charged 130,000 ETH – WORTH about $ 290 million – because the ETH price fell from $ 3,000 to less than $ 2,200.
Wintermute led the sale with more than 47,000 ETH, followed by Springhandel with 36,000 ETH and Flow traders with 3,620 ETH, according to Scopescan.
Although market makers were not the main cause of recent crashes, their large -scale liquidations gave their concern about their influence on price movements during volatile market conditions.
Current market trend
According to the latest data from Mint market capThe global crypto market capitalization has been withdrawn to $ 3.21 trillion. This reflected a sharp increase of 3.20% in just 24 hours.
In particular Bitcoin [BTC] and Ethereum [ETH] have a too registered profit of 3.58% and 3.96% respectively in the same period.