📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
🔥 #Wintermute ran out of $ETH. This is what you need to understand ( and why it is bullish )
👉What is Wintermute and why does it have so much weight in the #cryptocurrency industry?
-Wintermute, one of the leading market makers in the crypto world, has just announced that its OTC desk (Over-the-Counter) has virtually no ETH available.
-It is one of the largest algorithmic trading and liquidity provision firms in the #crypto ecosystem.
Participate in exchanges, DeFi protocols, and above all, trade large volumes for institutions and whales.
👉What is an OTC table?
-They are "private platforms" for buying and selling large amounts of assets without moving the price in the spot market.
-They are mainly used by funds, companies, or large investors to avoid slippage.
👉Why does it matter that there is little $ETH there?
-If there is no ETH on Wintermute's OTC desk, the whales are not selling, they are accumulating.
-And if they want to keep buying, they will have to look for another OTC source or buy directly on exchanges/on-chain, thus drastically affecting the price.
-This implies a direct supply shortage, just when institutional demand is rising.
-As the OTC market does not immediately impact the spot price, these silent purchases anticipate a strong price movement when liquidity runs out.
📊 The data confirms it:
-Wintermute had 27,000 ETH on July 10 → now it only has 8,155 ETH (approx $25M)
-To understand how little this is, I mention that #BlackRock recently made its largest daily purchase of ETH valued at approximately $500M.
📍Reduced offer in OTC markets = less selling pressure and more impact on the price from purchases