According to @EmberCN, a whale/institution that has realized $93.74M in cumulative ETH swing-trade profits accumulated 25,004 ETH over the past two days after moving USDC into Coinbase, Wintermute, and FalconX, with an average purchase price of $3,304 totaling about $82.6M. Source: @EmberCN on X; Arkham Intelligence addresses 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2 and 0xd8d041705735cd770408AD31F883448851F2C39d. According to @EmberCN, this wallet cluster typically does not hold long and begins scaling out after $100–$200 price increases, implying potential near-term supply in the $3,404–$3,504 zone if the pattern repeats. Source: @EmberCN on X. According to @EmberCN, the strategy has reduced downside trap risk during the recent pullback from above $4,000, but it also caused the entity to sell too early earlier this year when they bought at around $2,500 and exited below $3,000 before ETH rallied above $4,000. Source: @EmberCN on X. According to @EmberCN, traders can monitor the cited Arkham Intelligence addresses and related exchange and market-maker flows for signs of distribution or further accumulation to gauge short-term ETH liquidity dynamics. Source: @EmberCN on X; Arkham Intelligence address pages: https://intel.arkm.com/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2, https://intel.arkm.com/explorer/address/0xd8d041705735cd770408AD31F883448851F2C39d.

According to @CryptoMichNL, altcoin markets crashed on October 10 and then saw another correction of more than 10% yesterday, indicating elevated short-term volatility in altcoins; source: @CryptoMichNL on X, Oct 31, 2025. Wintermute provides an explainer on the role of market makers via the YouTube link shared in the post, highlighting how market makers fit into liquidity and price formation; source: Wintermute YouTube channel. For trading context, the sequence of declines puts liquidity conditions and market-maker activity in focus for altcoin order books, as emphasized by the referenced Wintermute explainer and the reported market moves; sources: @CryptoMichNL on X; Wintermute YouTube.

According to @CryptoMichNL, a $20B crypto market crash occurred on October 10, with rumors involving Wintermute addressed in a New Era Finance episode featuring JO from Wintermute; source: @CryptoMichNL on X. The interview discusses what really happened during the drawdown and why the move is compared in scale to FTX, providing context aimed at traders; source: New Era Finance on YouTube youtu.be/sUl4q8qLMik.

According to @lookonchain, the address labeled Ax6Yh7 purchased another 44,000 SOL (about $8.37M) roughly 10 hours before the Oct 25, 2025 post. Source: Lookonchain on X, Oct 25, 2025. Since April 30, the same whale has accumulated a total of 844K SOL (about $149M) via FalconX and Wintermute and staked the holdings, with the wallet activity viewable on the Arkham Intelligence explorer. Source: Lookonchain on X; Arkham Intelligence explorer. Staked SOL requires deactivation before it becomes transferable, which limits immediately tradable supply while staked. Source: Solana documentation on staking and stake activation/deactivation.

According to @EmberCN, a single address increased OTC accumulation of Solana (SOL), purchasing 249,500 SOL (about $46.78M) over the past 4 days via FalconX and Wintermute; source: X post by @EmberCN https://twitter.com/EmberCN/status/1981883413511774596. According to @EmberCN, the address has accumulated 827,000 SOL (about $146M) since late April and staked the entire amount at an average purchase price of $177; sources: X post by @EmberCN https://twitter.com/EmberCN/status/1981883413511774596 and Arkham address explorer https://intel.arkm.com/explorer/address/Ax6Yh73Y5exFQXepUcTdbvEErbzgRjun2xPBiJyDAQXU. The tracked address for verification and ongoing monitoring is provided here; source: Arkham address explorer https://intel.arkm.com/explorer/address/Ax6Yh73Y5exFQXepUcTdbvEErbzgRjun2xPBiJyDAQXU.

According to @EmberCN, an address that received 30M UNI in Uniswap’s 2020 investor allocation moved 1.697M UNI (about $10.29M) to a Wintermute-labeled wallet within the past 5 hours; source: https://twitter.com/EmberCN/status/1979515399696965991 and https://intel.arkm.com/explorer/address/0xf0446E60204C328bB22Af32e502e16032b109E60. After this transfer, the investor/organization address still holds approximately 24.9M UNI (about $149M); source: https://twitter.com/EmberCN/status/1979515399696965991 and https://intel.arkm.com/explorer/address/0x5c72ab1005bE6452C0417Cc0B0C4D549fB7aE6E1. Arkham Intelligence labels the sender as the 30M-UNI investor allocation address and the recipient as a Wintermute address, with both wallets viewable at the above links; source: https://intel.arkm.com/explorer/address/0x5c72ab1005bE6452C0417Cc0B0C4D549fB7aE6E1 and https://intel.arkm.com/explorer/address/0xf0446E60204C328bB22Af32e502e16032b109E60. Wintermute describes itself as a global algorithmic market maker; source: https://www.wintermute.com.

According to the source, several market makers including Wintermute paused trading during last week’s Bitcoin flash crash, which reduced on-exchange liquidity and contributed to sharper price swings. The source reports that as liquidity providers stepped back, bid-ask spreads widened and slippage increased across BTC pairs, intensifying the move. The source adds that market maker risk controls triggered temporary trading halts to manage adverse selection, removing order book depth and exacerbating short-term volatility, a key consideration for traders focused on execution quality.

According to @EmberCN, the whale/institution that previously realized $93.74M in ETH swing-trading profits exited earlier this month at an average price of $4,458 and has resumed OTC accumulation by sending $39.87M USDC to Wintermute and withdrawing 10,000 ETH at $3,987 about 8 hours ago (source: @EmberCN; Arkham address intel.arkm.com/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2). For trading, the $3,987 buy level and the prior $4,458 exit level are key whale-linked reference zones derived from these reported transactions (source: @EmberCN).

According to @lookonchain, two new wallets withdrew 33,323 ETH ($126.4M) from FalconX and Kraken during the drawdown, with transfers traceable on Arkham Intelligence at addresses 0x8DF4EF8b5871Ae3a9E0438369b3867F69a733776 and 0xedf1519979C5b71fF1452ac37d1c6cdA8CbEfeb9 (source: @lookonchain; Arkham Intelligence). According to @lookonchain, an OTC whale accumulated 14,165 ETH ($55.5M) via FalconX, Coinbase, and Wintermute, corroborated by Arkham Intelligence flows tied to addresses 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2 and 0xA860a7CCa0E29Fb25f3667A4ADBD43f54F548CD7 (source: @lookonchain; Arkham Intelligence). For traders, these venue outflows and OTC routes point to ongoing spot accumulation and reduced immediately available exchange supply, based on the Arkham-tracked movements shared by @lookonchain (source: @lookonchain; Arkham Intelligence).

According to @GreeksLive, a live stream with @JO_wintermute is scheduled for October 8 at 10:00 AM EST / 14:00 UTC, hosted by Greeks Live with @satoshiheist. Source: @GreeksLive on X, Oct 7, 2025. The published agenda includes a summer catch-up, views on crypto DATs, whether BTC experienced a failed breakout, Q4 bullish/bearish factors, and current news flow. Source: @GreeksLive on X, Oct 7, 2025. @GreeksLive stated the stream link will be posted and asked followers to turn on notifications. Source: @GreeksLive on X, Oct 7, 2025.

According to @EmberCN, a whale or institution with a cumulative $81.77M profit from ETH swing trades sold another 22,500 ETH today at an average $4,463, routing 10,000 ETH to Wintermute for 44.26M USDC and 12,500 ETH to FalconX for 56.17M USDC, source: @EmberCN; ARKM explorer address 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2. The same wallet accumulated 60,333 ETH in late September at a $4,256 average and has taken profit on 43,330 ETH over the past two days at a $4,388 average, source: @EmberCN; ARKM explorer address 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2. Based on the stated cost basis and exit prices, the tranche sold over the past two days realized approximately $5.72M in profit, source: @EmberCN; ARKM explorer address 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2. Traders can monitor further inflows or outflows from the address to assess ongoing supply from this entity, source: @EmberCN; ARKM explorer address 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2.

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.

According to @EmberCN, a whale or institution that previously realized $76.05M profit from ETH swing trades continued accumulating on the dip, buying 10,000 ETH via Wintermute about 30 minutes ago and totaling 20,000 ETH today. According to @EmberCN, the buyer spent 85.956 million USDC at an average price of $4,298 per ETH. The tracked address is 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2, which can be monitored on Arkham Intelligence for on-chain verification and flows, as cited by @EmberCN and visible on intel.arkm.com/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2.

According to @EmberCN, a whale/institution with $76.05M in realized ETH swing-trading profits transferred $43.654M USDC to Wintermute roughly two hours before withdrawing 10,000 ETH at a $4,365 buy price; on-chain reference: Arkham Intelligence address https://intel.arkm.com/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2, source: @EmberCN; Arkham Intelligence. According to @EmberCN, the same entity bought 16,569 ETH at $4,484 two days earlier for about $74.29M, source: @EmberCN. According to @EmberCN, combining both fills brings recent purchases to 26,569 ETH totaling roughly $117.95M, implying a blended cost near $4,439 per ETH based on the cited sizes and prices; on-chain reference: Arkham Intelligence address https://intel.arkm.com/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2, source: @EmberCN; Arkham Intelligence.

According to @OnchainDataNerd, around nine hours after a rate cut, a whale acquired 25,000 ETH (about 108.2 million USD) via Wintermute and supplied the entire amount to Aave; address: intel.arkm.com/explorer/address/0xd8d041705735cd770408AD31F883448851F2C39d. Source: @OnchainDataNerd on X; Arkham Intelligence. On Aave, deposits increase pool liquidity and influence supply and borrow rates per the protocol’s interest rate model, making this transaction relevant for DeFi funding dynamics. Source: Aave Docs https://docs.aave.com/faq/

According to @EmberCN on X, an address acquired 18,000 ETH at $4,487 via Wintermute using 80.77M USDC, after which ETH rebounded to $4,600, implying roughly $2M in unrealized profit within hours, source: x.com/EmberCN/status/1968480199361851468 and intel.arkm.com/explorer/address/0x2aAF355c820676C104bd00Ee6c506FA05998dDa2. The same source reports cumulative ETH swing-trading profits of $74.92M and current holdings of about $530M USDC and 25,000 ETH (approximately $114M), source: x.com/EmberCN/status/1968480199361851468. For trading, watch $4,487 as a near-term pivot and monitor flows from address 0x2aAF355c820676C104bd00Ee6c506FA05998dDa2 and Wintermute for continuation or distribution signals in ETH and ETH-beta altcoins, based on the on-chain buy reported by @EmberCN on X, source: x.com/EmberCN/status/1968480199361851468 and the Arkham address page.

According to @bubblemaps on X dated Sep 12, 2025, 50% of $PUMP traders are currently in profit across 270k+ on-chain participants. According to @bubblemaps, the profit cohorts include 1 entity with $10M+ profit identified as Wintermute, 30 with $1M–$10M, 400 with $100k–$1M, 2,000 with $10k–$100k, 10,000 with $1k–$10k, and 120,000 with under $1k. According to @bubblemaps, 50% of 270k+ implies roughly 135k+ traders are in profit, indicating the scale and concentration of realized gains in $PUMP.

According to @EmberCN on X, a whale or institution sold 10,000 ETH via Wintermute at USD 4,431 in the past hour, receiving 44.31 million USDC (source: @EmberCN on X). According to @EmberCN on X, the same address bought the 10,000 ETH on Aug 26 via Wintermute at USD 4,335, implying roughly USD 0.96 million profit on this round-trip excluding fees (source: @EmberCN on X). Arkham Intelligence’s address explorer for the cited wallet shows ETH outflow and USDC inflow consistent with the reported transactions, allowing traders to track subsequent flows in real time (source: Arkham Intelligence). The address has reportedly realized USD 73.96 million in cumulative ETH swing-trading profits historically (source: @EmberCN on X).

According to @ai_9684xtpa, Wintermute is acting as a market maker for PYTH and received 35 million market-making tokens from the Pyth Network Community and Launch address roughly two years ago, with the receiving address disclosed by the source; source: X post by @ai_9684xtpa on Aug 30, 2025, https://twitter.com/ai_9684xtpa/status/1961616632880709709 and address link https://t.co/s6uHHvShzr. According to @ai_9684xtpa, PYTH rallied over 100% on Aug 29 after news that Pyth was upgraded as part of US economic data infrastructure, while Wintermute showed high-frequency interactions between on-chain wallets and exchanges; source: X post by @ai_9684xtpa on Aug 30, 2025, https://twitter.com/ai_9684xtpa/status/1961616632880709709. Based on the source-identified wallet and reported exchange interactions, traders can monitor transfers between the disclosed address and exchanges to gauge potential near-term PYTH liquidity and supply dynamics; source: X post by @ai_9684xtpa on Aug 30, 2025, https://twitter.com/ai_9684xtpa/status/1961616632880709709 and address link https://t.co/s6uHHvShzr.

According to @ai_9684xtpa, a dormant Bitcoin whale who has held 3,963 BTC for over 14.5 years transferred 108 BTC (approximately $12.42 million) to an address associated with Wintermute. About 10 hours prior, a small test deposit of 0.001 BTC was made to the same Wintermute deposit address, suggesting imminent selling activity. The whale still holds 3,360 BTC, valued at around $385 million, which could impact Bitcoin (BTC) market liquidity and volatility if further sales occur. Source: @ai_9684xtpa.