Wintermute Pins Last Week's Bitcoin (BTC) Break Below $80,000 on $6.3B Binance Outflow

Wintermute attributed last week's Bitcoin (BTC) break below $80,000 to Binance's $6.3B outflow. BTC spent the second half of the week under that level, with the firm that had treated the line as decisive pointing to the exchange's massive withdrawal as the cause. The outflow likely pressured prices.