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Whale Pulls 1,090 Bitcoin Worth $90.38 Million From Wintermute to Fresh Wallets

Three newly created crypto wallets received 1,090 Bitcoin valued at approximately $90.38 million from market maker Wintermute. Destination addresses took 364.09 BTC, 363.64 BTC, and 362.04 BTC following small test transactions, with Bitcoin valued near $82,900. The transfer follows an October 14 outflow of 1,162 BTC, bringing Wintermute's weekly withdrawals into eight fresh addresses to 2,252 BTC worth roughly $187 million. The movement reflects institutional OTC fulfillment or custody relocation while Bitcoin trades above $82,000, having closed above $80,000 for 33 consecutive sessions alongside $527 million in spot ETF inflows on October 19.

Category

Bitcoin

Sentiment

Bullish

Event

Analyst flows

Reading time

1 min