Wintermute Reports No More ETH Available for Sale via OTC

According to Wintermute, the depletion of ETH on OTC exchanges indicates that massive inflows from major institutions are occurring. During this price surge, institutions are focusing heavily on BTC and ETH, while retail investors are gravitating towards meme tokens. Wintermute’s ETH reserves have plummeted from 27,000 ETH to approximately 8,155 ETH, coinciding with ETH surpassing its highest peak since late 2024 and nearing the $4,000 mark.

This phenomenon is not new: whenever whales buy heavily, Wintermute typically sees its reserves deplete. Notably, the market is witnessing quiet accumulation from ETF funds and anonymous whales.