According to @EmberCN, a whale that previously realized $96.67M in cumulative ETH swing-trading profits closed a 3,846 BTC long on Hyperliquid at an average exit of $91,158 after entering at $92,096, locking a $3.8M loss (source: @EmberCN on X; Hyperdash trader profile). The trader then withdrew 31.7M USDC from Hyperliquid and executed an OTC purchase of 10,000 ETH through Wintermute OTC (source: @EmberCN on X). On-chain data cited shows the address now holds 40,000 ETH worth about $127M with a stated average cost of $3,241 (source: Arkham Intelligence address explorer as referenced by @EmberCN). The sequence reflects a rotation back into ETH exposure over BTC as reported by the source (source: @EmberCN on X).

According to @EmberCN on Twitter, a significant whale or institution executed an OTC trade with Wintermute, buying 30,000 ETH for $54.9 million USDC at $1,830 per ETH on April 27, 2025. After holding for 25 days, the entity sold the same 30,000 ETH back to Wintermute, netting a profit of $23.73 million. This high-volume transaction showcases the impact of OTC trades on Ethereum liquidity and market sentiment, suggesting increased institutional interest and potential upward price pressure for ETH. Traders should monitor large OTC flows as leading indicators for short-term price movements. (Source: @EmberCN, Twitter, May 22, 2025)