Smart institution bought back 30,000 ETH worth $75.39 million via Wintermute OTC.
The whale now sits on $1.13 million in unrealized gains.
The same whale had already taken over $23.73 million in profit from a previous ETH move.
A smart institution bought back 30,000 ETH worth $75.39 million via Wintermute OTC just 10 hours before the price of ETH’s latest surge. The same 30,000 ETH has now yielded $1.13 million in unrealized gains. The same institution pulled another clever move, this time a sell move to realize $23,73 million worth of ETH. This was the result of a pump of over 43.2% over 25 days.
Smart Institution Bought Back 30,000 ETH Worth $75.39 Million
The crypto market is always filled with opportunities to make profits and take gains, and the most vigilant analysts and traders make the best of these windows. Furthermore, the crypto market offers opportunities to make gains using both Bitcoin (BTC) and the pioneer crypto altcoin asset, Ethereum (ETH). Besides this, traders are also constantly making smart trades with other potential altcoins and memecoins to pump their funds.
Of course, not every trade guarantees profits, especially in a volatile market such as the crypto market, a space where any outside chance could influence the way the price moves. Indeed, social, geo-economical, and political changes and announcements have always influenced the crypto market. Trump’s tariff wars this year have been the greatest example of this volatility.
Both BTC and ETH were setting up to launch into reaching new ATHs in Q1 of 2025, especially ETH, when pumped, should have triggered this bull cycle’s altseason. Instead, it was all delayed due to Trump’s tariff war, which instead pushed the crypto market into a prolonged correction phase. The sun finally came up in Q2 when the price of BTC went on to hit new ATH prices and pulled the price of ETH up along with it.
Increased BTC and ETH Whale Accumulation Action
During this correction phase, several BTC and ETH whales went on to heavily accumulate both tokens, setting huge whale movement records over those weeks. Meanwhile, financial institutions like BlackRock were also heavily buying both the pioneer crypto and altcoin assets. Soon after, both prices shot up immensely, with many whales still holding strongly, hinting at a high possibility of these assets hitting new ATH prices soon.
https://twitter.com/spotonchain/status/1926836113185849764
As we can see from the post above, a smart institution bought back 30,000 ETH with $75,390,000 via Wintermute OTC about 10 hours before the post was published. This buy move was perfectly timed to leverage ETH’s latest surge, which now sits at a total of $1,130,000 in unrealized gains. Furthermore, just 4 days prior, the whale exited the same ETH position for $78,630,000, realizing a whopping $23,730,000 in gains over 43.3% over 25 days.
