Wintermute CEO is to blame the tradfi for the Crypto Collision – not insiders

• Binance and Wintermute are confronted with supervision for forced sales demands.
• The global market limit increased by 3.20% as BTC and ETH recorded profits.

2025 is proven as a turbulent year for the cryptocurrency market, marked by two main collisions – one launched by launching Deepseek and the other with a escalation tariff war.

A sharp fall also encouraged speculation about market manipulation, and industrial giants are confronted with supervision.

For those who are not aware, the crypto market faced a whopping $ 2.24 billion liquidation within 24 hours on February 3.

This is after the executive order of US President Donald Trump, imposing imports of the imported tariffs on China, Canada and Mexico.

The Wintermute CEO is in defense

However, founder of Wintermute Evgeny Gaevoy defiance These claims stating that the Crypto currency was liquidated because of the traditional finances events (tradfi), not participants in the industry.

He said,

“Understanding that our small crypto market is now very directly connected to the real world on the outside (…) is quite important for a (more) successful merchant. But surely, you can ignore this information and decide to believe in the conspiracy of Wintermute + Binance. “

Does the Marty party add fuel to the fire?

Crypto Sleuth Marty Party also raised alarm about the potential manipulation of market manipulation, claiming that Binance directs significant funds in Wintermut to launch forced sale and influence on merchants’ behavior.

According to him, this strategy aims to push investors into capitulation, creating the possibilities of big players to buy at lower prices.

Although the suspects were kept in the ball, only recently Marty party has directly connected Binance and Wintermut to a possible market manipulation.

In response, Gaevoy rejected the concern, convincing the community that this situation does not resemble the past like FTX or Terra-Luna.

“We do not take monthly positions such as Trabucco did in Alamedi, and when we take over these positions, they are quite small (and subject to that 20-30% of the net capital range I mentioned earlier). The vast majority of our discretioned plays is long, buying the insulting Or buying a locked token on a large type of discount.

Gaevoy stated that the company operates on centralized finances (CEFI), decentralized finances (Dead) and without a prescription markets (OTC), holding a highly diverse approach.

He added,

“We do not manipulate prices, because a) we do not know how b) our basic job is valuable enough not to do stupid illegal shit.”

All about Wintermute and his journey

Wintermute remains Binance’s leading other side, with the amount of trading in the last month reached $ 34.54 billion. Of that, Wintermute made up $ 14.94 billion, while Binance recorded $ 19.24 billion.

Market manufacturers play a key role in maintenance of liquidity, but their procedures can increase sales pressure during the downs.

In August 2024, five major market manufacturers collectively burdened the 130,000 ETH – about $ 290 million was recorded – as the ETH price fell from $ 3,000 to $ 2,000 to $ 2,000.

Wintermute has been sale with over 47,000 eth, followed by a jumping store with 36,000 ETH and flow trade with a 3,620 ETH, according to Scopescan.

Although market manufacturers were not the main cause of recent collisions, their great liquidation causes concern about their effect on prices movement during unstable market conditions.

Current market trend

According to the latest data from CoinmarketcapThe global cryptocurrency cap withdrawn to $ 3.21 trillion. This reflected a large increase of 3.20% in just 24 hours.

Significantly, Bitcoin (BTC) and Ethereum (ETH) have been too much of a profit of 3.58%and 3.96%, in the same period.