Wintermute moved 61,847 ETH worth around $160.3 million from its hot wallet to Binance and Coinbase over roughly three hours on September 11, 2026, as Ether reversed from a squeeze high. Lookonchain flagged the transfers at 16:14:47 GMT, while Arkham verified the wallet tag. Ether rose above $2,600 after August U.S. Consumer Price Index data came in below consensus, reaching $2,667 across major venues before falling to roughly $2,542 by early evening. CoinGecko later showed ETH at $2,539.51, up 3.2%, with a 24-hour range of $2,436.69 to $2,647.68, a market cap of $310.004 billion and volume of $24.092 billion. CoinGlass recorded $758.02 million in market-wide liquidations, including $307.47 million for Ether, as shorts were squeezed earlier and longs were liquidated during the pullback. The exchange deposits may represent inventory rotation, client settlement, derivatives hedging or spot selling; on-chain data does not establish which. Traders are watching $2,417 and $2,669 as levels linked to roughly $1.123 billion of long liquidation intensity and $844 million of short intensity, respectively.