Crypto pundit Butcher has suggested that Binance and market maker Wintermute may be responsible for the Bitcoin and Ethereum price crashes. The pundit also alluded to the October 10 crypto market crash and how both firms contributed to the crash.

Pundit Blames Binance and Wintermute For Bitcoin and Ethereum Price Crashes

In an X post , Butcher alleged that Binance and Wintermute are responsible for the recent Bitcoin and Ethereum price crashes. He explained that in the past 30 days, these firms have traded $34.5 billion between themselves. The pundit further revealed that the crypto exchange sends BTC and ETH in chunks of $10 million to $100 million to Wintermute wallets hours before every major dump. Wintermute then sells these coins on the market, triggering a cascade

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