📊 Wintermute’s Portfolio Shift: What the Market Maker Is Actually Buying

On November 8, market maker Wintermute sharply increased positions across Binance, Coinbase, Circle and Kraken. The total portfolio is about $550 million, and several tokens grew by 60–120% in just one day.

📝 The coins with the biggest inflows:

➡️Fartcoin $9.5M
➡️ARC $3.55M
➡️Jelly Jelly $1.58M
➡️ZRO $1.46M
➡️PNUT $1.36M
➡️BNB $1M
➡️PEPE $961K
➡️PUMP $958K
➡️TRADOOR $836K
➡️W $723K
➡️GRIFFAIN $467K
➡️SNX $568K
➡️RAY $336K
➡️IMX $507K
➡️WLD $309K
➡️PYTH $245K
➡️ONDO $220K
➡️INJ $220K
➡️ACT $171K
➡️AIZBT $157K
➡️GALA $143K
➡️SAHARA $139K
➡️PENDLE $129K

At the same time, Wintermute almost completely left Aster, Filecoin and Fetch.

The largest positions remain in SOL ($110M), BTC ($35M), ETH ($10M), as well as LINK, ARB, TRX, COMP, MET and TRUMP. These holdings are being slowly reduced, not dumped.

❕ It doesn’t automatically mean they are bullish on the new names. They might just be increasing liquidity or rebalancing books. Still, the list clearly shows what is active in their system and what is being drained.

And one question remains.

Where are all those “serious” future tech giants like Linea, Stark, Chia, Plasma?

Nowhere to be found.

Wintermute and Jump Crypto are not trying to look smart. They just make money. And judging by the numbers, they are very good at it.

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📈 Shutdown Over, Markets Breathing, Crypto Back on Track

The US Senate ended the shutdown, and the market finally relaxed a bit. Indices are green, funds are moving again, and the usual players are active.

➡️ ETF flows
BTC +$1.2M, ETH 0, SOL +$6.8M.
Solana funds haven’t had a losing day since October 28. Total inflow now $342.6M.

➡️ Stablecoin regulation in the UK
The Bank of England published its proposal for systemic stablecoins.
Licenses become mandatory, with reserves held 60% in short-term bonds and 40% in Bank of England accounts.

➡️ Ledger plans IPO in 2026
After a record wave of hacks this year ($2.2B stolen in 2025 already), hardware wallets are back in demand.
CEO Pascal Gauthier says revenue hit triple-digit millions. Last valuation $1.5B.

➡️ Saylor keeps stacking
Strategy Inc. (formerly MicroStrategy) raised €620M instead of €405M thanks to strong demand.
Added 397 BTC for $45.6M. Total holdings now 641,205 BTC.

➡️ Chainalysis report “Geography of Crypto 2025”
Top countries by crypto adoption: India, US, Pakistan, Vietnam, Brazil, followed by several Eastern European markets in the top ten.

➡️ Coinbase launches token sales
First sale — Monad ($MON), 7.5% of supply at a $2.5B valuation, plus a 3% airdrop for early users.

Token already trading about 2x higher on pre-market.

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📊 The Main Market Makers in Crypto and Who Really Moves Liquidity

Tracking market makers through Arkham gives a clear picture of where real money flows. Some rebalance daily like Wintermute, others, such as Jump Crypto, hold long-term positions alongside their trading activity.

Wintermute has been buying coins on lows and taking profits on local highs. Others prefer to slowly accumulate on dips and hold. Here’s a breakdown of the key players worth watching.

💼 The Main Market Makers

➡️ Jump Crypto ($940M)
Division of Jump Trading, one of the biggest traditional HFT firms. Operates as a crypto market maker and investor in large Web3 and infrastructure projects.

➡️ Wintermute ($500M)
Algorithmic market maker providing liquidity across CEX and DEX. Also runs an investment wallet known as Wintermute Hacker with around $220M in long-term holdings.

➡️ Galaxy Digital ($440M)
More of a hybrid fund than a pure MM. Handles OTC deals, manages investments, and provides liquidity services across the market.

➡️ B2C2 ($111M)
Institutional market maker offering 24/7 liquidity and deep OTC access.

➡️ GSR Markets ($60M)
Supplies liquidity to CEXs, token projects, and institutions. Active in structured products and OTC trading.

➡️ DWF Labs ($40M)
Focused on Web3 tokens and project support. Known for its aggressive liquidity strategies and deal-making with young ecosystems.

➡️ Cumberland DRW ($15M)
Institutional MM working with large volumes. Offers crypto options, forwards, and DeFi collaborations.

➡️ Amber Group ($15M)
Major player in Asia providing liquidity and investment services. Acts both as fund and market maker.

🌱 Smaller but Active Market Makers

➡️ Bluesky Capital
Focuses on high-frequency trading and crypto hedge fund strategies.

➡️ Keyrock
European market maker with strong tech infrastructure and partnerships with token projects and exchanges.

➡️ Kairon Labs
Specializes in early-stage and utility tokens. Works closely with emerging projects.

➡️ Virtu Financial
Traditional finance MM that expanded into crypto liquidity and DeFi connections.

➡️ Jane Street
One of the biggest names in global HFT, providing liquidity across all asset classes including crypto.

Large MMs like Jump and Wintermute quietly shape market liquidity and price action. Watching their portfolio moves often gives better signals than any influencer thread or narrative coin hype.

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📈 The Most Addictive TikTok Format Right Now

An anonymous TikTok creator turned a simple idea into a viral machine. One clean, looping minute of a line chart slowly climbing, answering the timeless question:

“What if I had invested back then?”

⏫ The account Pov.invest has already hit 26M+ views using just that one format. Viewers watch a small investment grow year by year until it ends with a satisfying reveal of the final number.

🟥 The formula is pure dopamine. Recognizable assets like Bitcoin, CS2 skins, and popular stocks keep people hooked. The reward is purely visual — no voiceovers, no noise, just smooth motion design and data.

✍️ Retention goes through the roof because everyone wants to see the line finish.

🔥Best-performing formats:

➡️ POV of one single asset growing over time
➡️ H2H comparisons that spark rivalry, like BTC vs ETH, NVDA vs AMD, or Prisma vs Spectrum

Simple data, minimal effort, huge engagement. Sometimes all you need is one satisfying line moving up.

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🔥 How to Stay in the Game When Everyone Else Burns Out

The goal isn’t to win fast. The goal is to keep playing.

Markets shift. Narratives fade. Trends turn overnight. The ones who last are those who adapt, not those who rush.

➡️ The Mistake Most Traders Make

Most people chase quick success. They want money, status, attention. That mindset burns years and capital. High leverage, emotional trades, endless chasing. It feels like progress but it’s just noise.

Some catch a big wave once and think they’ve mastered it. Then the music stops. The same pattern repeats. Those who can’t rotate or adapt end up stuck, waiting for a new run that never comes.

📝 Simple Rules That Keep You Alive

Everyone knows these, but few actually follow them.

➡️ Never go all in.
There will always be another setup. Keep reserves.

➡️ Trade your own ideas.
Following others makes you late. Build your own plan.

➡️ Don’t try to be the genius.
The market punishes arrogance. Being profitable matters more than being right.

➡️ Chase new trends smartly.
Early bets bring reward, but small size keeps you safe.

➡️ Don’t marry a coin.
Flipping is winning when working with lowcaps. Buy early, sell higher, move on.

➡️ Help your circle.
If people around you grow, you grow too.

➡️ Protect your wallet.
One careless click can erase months of progress.

➡️ Keep clean intentions.
Call it karma or luck, bad energy always circles back.

📣 The Real Edge

The strongest traders aren’t the boldest. They’re the ones who last. They stay calm, adapt fast, and keep learning while others blow up.

Stay patient. Stay sharp. Stay human.
That’s how you stay in the game.

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🟢 US Government Reopens as Trump Signs Funding Bill

The shutdown is finally over. Trump approved a temporary funding bill that brings federal agencies back online until January 30, 2026. By then Congress must deliver a full budget.

➡️ The pause lasted 43 days
➡️ This is now the longest shutdown in US history
➡️ Agencies resume normal operations starting today

The market reads this as a short burst of relief. Liquidity returns, data resumes, and uncertainty cools for a moment. But the real test comes in January when the budget fight starts again.

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🔍 $HYPE is the coin to look at if you expect BTC to defend 100k or close in the short term

Price dipped under the trend zone and cleared some liquidity. The key interest now sits in the demand block highlighted on the chart.

➡️ Price started closing below the level that previously acted as support
➡️ Heavy bids make sense only once price taps the green demand zone
➡️ Small bids around 38.4 are acceptable for now
➡️ The exploit attempt and FUD lined up with a clean support retest
➡️ Strong buybacks and steady relative strength keep the setup alive

Feels like the market is shaping up for a cleaner entry if we get a proper flush into demand.

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