
The whale shifts from losing BTC longs to acquiring more ETH via Wintermute OTC, now holding $127M worth of ETH, reflecting ongoing high-value crypto accumulation.
On January 8, 2025, an Ethereum whale who previously realized $96.67 million in profit from ETH purchases acquired 10,000 ETH worth $31.7 million USDC via Wintermute OTC. This followed the closure of BTC long positions with a $3.8 million loss. The whale now holds 40,000 ETH valued at $127 million, purchased at an average price of $3,241 per ETH. The acquisition adds to earlier strategic moves involving large BTC longs and substantial holdings of stETH and Aave-based leverage.