According to @EmberCN, a tracked whale/institution that has netted $76.05M from ETH swing trading sold 20,830 ETH via Wintermute for $89.72M USDC at $4,307 after ETH moved above $4,300, indicating active distribution into strength; source: @EmberCN on X, Oct 2, 2025. The address accumulated 60,333 ETH in late September using $257M with an average cost of $4,256, making this tranche’s realized profit roughly $1.06M; source: @EmberCN on X and Arkham Intelligence address 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2 (intel.arkm.com/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2). The author notes the address historically sells into strength and buys dips, implying overhead supply near $4,300 and potential demand on pullbacks; source: @EmberCN on X and Arkham Intelligence transaction history. Traders can monitor flows from the Arkham-tracked address and its interactions with Wintermute to assess supply around $4,256–$4,307 and resulting liquidity impacts; source: Arkham Intelligence and @EmberCN on X.