According to @ai_9684xtpa, a smart-money wallet sent 56.05 million USDC to FalconX and withdrew 20,000 ETH shortly after, which the author characterizes as likely buying at an implied cost around 2819.92, source: @ai_9684xtpa. The wallet had sold 10,000 ETH near 3011.68 two days prior and has now bought back lower, based on Arkham Intel wallet tracking shared by the author, source: @ai_9684xtpa. Since Jan 21, the address has accumulated 80,013 ETH at an average cost of about 2,885.75, with an unrealized loss of roughly 6.43 million at the time of posting, source: @ai_9684xtpa. The author also notes a recent 10,000 stETH transfer to Wintermute that returned 30.03 million USDC and lifted the wallet’s cumulative ETH swing-trading profit to 99.22 million, with addresses referenced via Arkham Intel, source: @ai_9684xtpa.

According to @ai_9684xtpa, the wallet 0x6606...7Bf35 deposited 5,000 ETH to Wintermute roughly three hours ago, flagged via the Arkham address shared by the author, indicating potential distribution by a long-term holder. The author reports the tranche is valued around 14.7 million dollars and traces the ETH to two primary sources: 0xDA2...80100, which withdrew 10,600 ETH from Gatecoin about ten years ago, and 0x132...38378, which withdrew 18,049.96 ETH from Kraken about nine years ago at around 86 dollars per ETH. The author characterizes this as a suspected sell; as a trading takeaway from @ai_9684xtpa’s alert, traders can monitor additional ETH flows to market makers and centralized exchanges, plus order book liquidity, to gauge potential follow-through.

According to @EmberCN, a whale or institution with prior ETH swing profits of USD 98.95M accumulated 70,013 ETH (about USD 205M) via Wintermute and FalconX OTC over the past week at an average entry of 2,926. According to @EmberCN, after ETH reclaimed 3,000, the entity sold 10,000 ETH through Wintermute OTC at 3,003, realizing roughly USD 770K profit on that tranche.

According to Ai 姨 (@ai_9684xtpa) on X, a smart money address that has been swing trading ETH since Jan 12 executed its first sale in the current cycle. According to Ai 姨 (@ai_9684xtpa), the wallet sent 10,000 stETH to Wintermute roughly 3 hours prior and then received 30.03 million USDC, which the source interprets as a completed sell. According to Ai 姨 (@ai_9684xtpa), the entity has accumulated 70,013 ETH at an average cost of about 2,907.69 and this sale realized approximately 1.039 million in profit. According to Ai 姨 (@ai_9684xtpa), the remaining 60,013 ETH shows an unrealized gain near 7.243 million and cumulative swing-trade gains have increased to about 99.22 million. According to Ai 姨 (@ai_9684xtpa), around 12 hours earlier the same trader also added 20,000 ETH via Wintermute at an average cost near 2,806.58 and was showing roughly 2.101 million in unrealized gains soon after.

According to @ai_9684xtpa, a smart-money ETH whale with cumulative swing-trade gains of 98.18M USD added 20,000 ETH via Wintermute about 12 hours ago at an estimated cost of 2,806.58 USD per ETH, and the buy coincided with a sharp V-shaped rebound, with unrealized profit of 2.101M USD at the time of posting. Source: @ai_9684xtpa. The same address has accumulated 70,013 ETH since Jan 21 with an average cost of 2,907.69 USD, and the wallet is referenced via an Arkham link shared in the post (address 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3). Source: @ai_9684xtpa. An earlier update noted a further withdrawal of 59.07M USD worth of ETH from FalconX, showing holdings of 50,013 ETH with an average cost of 2,948.13 USD prior to the latest accumulation update. Source: @ai_9684xtpa.

According to Onchain Lens, whales and institutions are accumulating ETH based on Nansen on-chain data. According to Onchain Lens, a newly created wallet 0xcA0 bought 61,000 ETH worth about $171.15M from Binance, citing Nansen data. According to Onchain Lens, the whale 0xFB7 purchased an additional 20,000 ETH worth about $56.13M from Wintermute and now holds 100,130 ETH valued around $283.79M, citing Nansen data. According to Onchain Lens, the related addresses are 0xcA08371f6e9204Dd6927dcc2dB5504EA062b2998 and 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3, per Nansen.

According to @ai_9684xtpa, a smart-money wallet withdrew ETH worth about $59.07 million from FalconX roughly 7 hours prior and has accumulated 50,013 ETH since Jan 21 at an average cost near $2,948.13 with an unrealized profit around $896,000; source: @ai_9684xtpa on X and Arkham Intelligence wallet 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 (https://intel.arkm.com/explorer/address/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3), X posts: https://twitter.com/ai_9684xtpa/status/2014520990307614989 and https://x.com/ai_9684xtpa/status/2014126129939132536. According to @ai_9684xtpa, the same address earlier received 10,000 ETH from Wintermute near a local dip and added 30,000 ETH since yesterday at an average near $2,945.7 with about $973,000 unrealized profit; source: @ai_9684xtpa on X and Arkham Intelligence wallet 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 (https://intel.arkm.com/explorer/address/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3), X posts: https://twitter.com/ai_9684xtpa/status/2014520990307614989 and https://x.com/ai_9684xtpa/status/2014126129939132536. According to @ai_9684xtpa, traders can monitor this wallet’s cost basis around $2,945–$2,948 and continued inflows from FalconX and Wintermute as potential spot demand signals and soft support, with on-chain follow-through as a cue for ETH momentum; source: @ai_9684xtpa on X and Arkham Intelligence wallet 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 (https://intel.arkm.com/explorer/address/0xFB78AA8F38843629e89951D9db6FdC398d75e0A3), X posts: https://twitter.com/ai_9684xtpa/status/2014520990307614989 and https://x.com/ai_9684xtpa/status/2014126129939132536.

According to @EmberCN, a whale or institution sold 10,000 ETH at 3,321 USD ahead of the latest downturn and then bought 50,013 ETH over the last two days via Wintermute and FalconX OTC for about 148 million USD at an average price of 2,966 USD. According to @EmberCN, these swing trades have reportedly generated approximately 98.18 million USD in cumulative profit.

According to @OnchainLens, whale "0xfb7" purchased 20,013 ETH (about $59M) from FalconX and now holds 80,115 ETH valued at $236.55M. According to @OnchainLens, prior flows included a 10,000 ETH buy from Wintermute and a $58.13M transfer to FalconX. According to @OnchainLens, the tracked addresses are 0xfb78aa8f38843629e89951d9db6fdc398d75e0a3 and 0xd4584bf988c9e8994688b56484e2f74ceaeefb20.

According to @lookonchain, an OTC whale wallet 0xFB7 bought 10,000 ETH worth about $28.97M roughly 7 hours ago. Source: @lookonchain on X, Arkham Intelligence address explorer. @lookonchain also notes the same wallet accumulated a total of 20,000 ETH via FalconX and Wintermute. Source: @lookonchain on X. @lookonchain reports that Trend Research borrowed 70M USDT from Aave and purchased 24,555 ETH, with total holdings at 651,310 ETH. Source: @lookonchain on X, Arkham Intelligence entity explorer. @lookonchain adds these buys occurred while prices were falling, indicating ongoing ETH accumulation by whales and institutions. Source: @lookonchain on X.

According to @ai_9684xtpa, an ETH swing trading whale wallet 0xFB78AA8F38843629e89951D9db6FdC398d75e0A3 accumulated 30000 ETH since yesterday via Wintermute and FalconX with an average cost around 2945.7, including a 10000 ETH receipt near the pullback low about 6 hours earlier that the source suggests was OTC, source: X posts by @ai_9684xtpa and Arkham Intelligence address explorer. According to @ai_9684xtpa, the trader previously took profit near 3321 and reentered around 2970, with historical realized swing gains reported at about 98.18 million and a recent profit of 1.51 million, source: X posts by @ai_9684xtpa. Traders can track further inflows to this address for liquidity cues and potential continuation of dip buying behavior, source: Arkham Intelligence address explorer.

According to @OnchainLens, whale 0xfb7 bought 10,000 ETH from Wintermute and transferred $58.13M to FalconX, described as likely for additional ETH purchases (source: @OnchainLens). The whale now holds 60,098 ETH valued at $179.22M, with tracked addresses 0xfb78aa8f38843629e89951d9db6fdc398d75e0a3 and 0xd4584bf988c9e8994688b56484e2f74ceaeefb20 (source: @OnchainLens). Earlier, the same entity had accumulated 20,000 ETH from Wintermute and FalconX before this latest add, indicating continued position building via OTC venues and market makers (source: @OnchainLens).

According to @OnchainLens, the whale labeled 0xfb7 purchased 20,000 ETH (about $60M) from Wintermute and FalconX and now holds 50,094 ETH valued around $147.14M; related addresses include 0xfb78aa8f38843629e89951d9db6fdc398d75e0a3 and 0xd4584bf988c9e8994688b56484e2f74ceaeefb20 (source: @OnchainLens). According to @OnchainLens, this address previously closed a BTC long position with a $3.7M loss, withdrew funds, deposited $31.7M USDC to Wintermute to buy 10,000 ETH, later converted the ETH to stETH, and transferred it to another wallet that now holds 40,060 stETH worth about $126.48M (source: @OnchainLens).

According to @charlesdhaussy, the dYdX Foundation announced that the Monthly Analyst Call returns on Jan 20 with Wintermute as special guest to discuss a market maker perspective on perpetuals, liquidity, and onchain market structure, source: dYdX Foundation on X post dated Jan 16 and @charlesdhaussy on X. Traders focused on DYDX perpetuals and on-chain derivatives can RSVP at luma.com/fud6tztg to join the session and hear directly from a leading market maker, source: dYdX Foundation on X post dated Jan 16. The session explicitly centers on perpetuals, liquidity, and onchain market structure, making it directly relevant to execution quality and liquidity conditions on dYdX markets, source: dYdX Foundation on X post dated Jan 16.

According to @dydxfoundation, the dYdX Monthly Analyst Call returns on Jan 20 with @wintermute_t as a special guest to discuss perpetuals, liquidity, and onchain market structure; this is directly relevant for derivatives traders tracking perps market microstructure on dYdX and other onchain venues. Source: twitter.com/dydxfoundation/status/2012109094950436908 Participants can RSVP via the official link shared by @dydxfoundation at luma.com/fud6tztg for access to the market maker’s perspective. Source: twitter.com/dydxfoundation/status/2012109094950436908 The session is positioned to provide a market maker’s perspective specifically on perpetuals, liquidity conditions, and onchain market structure that active traders can apply to execution and risk considerations. Source: twitter.com/dydxfoundation/status/2012109094950436908

According to @EmberCN, after a 13% daily rise, a single address received 164 million $PENGU from Wintermute about one hour ago and then sold the entire amount on-chain for 2.166 million USDC at an average execution price of $0.0132, detailing clear notional size and fill price for trading benchmarks. Source: @EmberCN (X, Jan 14, 2026) According to @EmberCN, both the transfer origin (Wintermute) and the full conversion to USDC occurred on-chain, implying a total notional of approximately $2.166 million at roughly $0.0132 per token for the 164 million $PENGU sold. Source: @EmberCN (X, Jan 14, 2026)

According to @OnchainDataNerd, market maker Wintermute transferred 11.48M USDT to Binance about 30 minutes ago, with the Wintermute entity address referenced on Arkham Intel for verification (source: @OnchainDataNerd on X, Jan 8, 2026; source: intel.arkm.com/explorer/entity/wintermute). The post specifies the destination exchange and amount but provides no transaction hash or stated intent beyond the transfer details (source: @OnchainDataNerd on X).

According to @OnchainDataNerd, wallet 0xd45 transferred 31.7 million USDC to Wintermute about 3 hours ago to accumulate 10,000 ETH and then staked into LDO, source: @OnchainDataNerd on X. The same wallet now shows 350 million USDC and 40,060 ETH valued at approximately 126.5 million dollars staked in Aave and LDO, source: @OnchainDataNerd on X. The address identified is 0xd4584Bf988C9E8994688b56484E2F74cEAEeFB20 with the referenced Arkham link provided by the source, source: @OnchainDataNerd on X. These flows directly involve ETH, USDC, LDO, and AAVE and indicate concentrated on-chain whale activity relevant for liquidity and positioning checks, source: @OnchainDataNerd on X.

According to @lookonchain, Bitcoin mining firm MARA transferred 288 BTC, valued at about $26.3 million, to Wintermute roughly 9 hours ago. source: @lookonchain on X, Jan 5, 2026 The transfer is labeled on Arkham Intelligence as originating from the MARA Pool entity, confirming the on-chain route of funds to Wintermute. source: Arkham Intelligence explorer via @lookonchain

According to @ReetikaTrades, traders now attribute bad price action to Wintermute rather than Alameda Research, indicating a shift in perceived market-maker influence across crypto markets (source: @ReetikaTrades on X, Dec 29, 2025). This reflects a sentiment change rather than a data-backed trading signal, but it frames how participants may interpret volatility and liquidity during drawdowns when assessing order flow drivers and market microstructure risk (source: @ReetikaTrades on X, Dec 29, 2025).