| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107336.5300000000 |
| ETH | $2435.2410000000 |
| BNB | $649.4298600000 |
| XRP | $2.1860280000 |
| ADA | $0.5622688000 |
| SOL | $150.1401000000 |
| DOGE | $N/A |
| DOT | $3.4037000000 |
| LTC | $86.5775000000 |
| LINK | $13.3517200000 |
Category: CRYPTO NEWS
The post Crypto Whale Sells 30,000 ETH For $78M Profit After OTC Deal With Wintermute appeared on BitcoinEthereumNews.com. Whale nets $23.73M ETH profit via Wintermute OTC trades amid $222M transfer spree. 600 BTC bought for $56.94M remains unsold, now worth $66.5M in unrealized gains. Wintermute facilitates massive ETH, BTC, and USDC flows, signaling institutional moves. A crypto whale has executed many over-the-counter (OTC) trades involving Ethereum and Bitcoin, resulting in a realized profit of $23.73 million. The transactions were facilitated through the trading firm Wintermute, which recorded over $222 million in on-chain activity within the same 24-hour period. Blockchain data from Arkham Intelligence confirms that the Ethereum portion of the trade, 30,000 ETH, was sold just hours before publication, while the Bitcoin position remains unsold. On April 27, blockchain records show that the unidentified investor transferred $54.9 million in USDC to Wintermute’s OTC wallet and received 30,000 ETH at an average price of $1,830. On the same day, the same wallet sent $56.94 million in USDC and received 600 BTC, priced at approximately $94,900 per coin. USDC and OTC settlement channels indicate institutional-scale trading behavior, often designed to reduce market impact and slippage. A large-scale movement of ETH followed these transactions. Address 0x2aAF…6c5, linked to the buyer, sent 30,000 ETH to 0xCe84…a4b three hours before press time. This transaction was valued at $78.63 million, representing a profit of $23.73 million on the Ethereum position. Bitcoin Holdings Still Intact, Value Increases The 600 BTC purchased in the same session remains unsold. Originally valued at $56.94 million, the Bitcoin holdings are now worth approximately $66.5 million, indicating an unrealized gain of $9.6 million. The Bitcoin transfer was completed via Wintermute and confirmed on-chain, pointing to using a native SegWit address for storage. The steady rise in BTC’s price since the acquisition may influence the timing of any future sale. Concurrent with the whale’s activity, Wintermute conducted extensive internal and external…
2025-05-23T02:43:14+00:00